The Traderszone Network

Published in TZ Latest News 3 August, 2017 by The TZ Newswire Staff

UBS on the nonfarm payroll report due Friday – forecast etc.

UBS comment on the ADP report and how it impacts their expectations for the NFP (spoiler – it doesn’t)
In summary:
ADP reported private payrolls up 178k in July, little different from the consensus forecast for private payrolls in Friday’s employment report (180k) or our own forecast (165k)