Today’s event covers private sector job creation as the ADP Payroll report, with analysis of data released from U.S. corporations. Traders use this as an indicator of events to come in the larger NFP report on Friday. Last month’s ADP report was disappointing; with corporations adding the fewest new jobs to the private sector in three months.
Trading event
ADP Payroll report
Today 1215 GMT
Investor Notes:
- There is a consensus estimate of 210,000 new jobs added for August compared with 185,000 jobs in July.
- Prelim GDP figures outstripped expectations posting 3.7% growth for the second quarter.
