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June Payrolls Preview: Hot But Not Too Hot

Some more details from Newsquawk ADP PAYROLLS: Ahead of Friday’s jobs report, the ADP’s gauge of payrolls showed 692k jobs being added to the US economy in June, above the forecasted 600k, but below May’s figure which was revised lower to 886k from 978k. Pantheon Macroeconomics hoped for a greater increase, based on the Homebase employment data, suggesting the signal for Friday’s NFP release is unclear. Pantheon highlights the ADP’s measure was short of the official payroll data for m...
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April Payrolls Preview: It Will Be A Blowout Number But Will It Be "Too Blowout"

Average Earnings Y/Y ( Average Workweek Hours (exp. 34.9 hrs, prev. 34.9hrs). Payrolls: While consensus expects a 1 million print (with a handful of forecasts as high as 2 million or just above), Goldman believes that tomorrows number will be 1.3 million as mass vaccinations and the easing of business restrictions supported rapid job growth in virus-sensitive industries, including leisure and hospitality, retail, and education (public and private). Additionally, Big Data signals generally indic...
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