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ADP, NFP and the change in their correlation

Today ADP reported a 749k sure in private payroll employment in September, almost double the 400k expectation, after an upwardly revised 481k (was 428k)...

Twin US/Canada Jobs reports for August

USDCAD rallied to 1.3118 highs from 1.3078 lows following the twin US/Canada jobs reports. Both were close to consensus expectations, though the USD appeared to...

NFP – Comfortable assumption for further big Payroll climb

Recent US economic reports have been mixed, but the bulk of the surprises have been on the high side. It's an important end of the...

More mixed news on US Jobs ahead of NFP

US initial jobless claims dropped -249,000 to 1,186,000 in the week ended August 1. That breaks a worrisome rise in claims the prior two...

After ADP, Payrolls rise expected barring any surprises with tomorrow’s claims

The lean 167k July ADP payroll rise undershot our 1,900k private BLS payroll estimate with a 2,600k total BLS payroll gain. We also saw...

FOMO atmosphere – NFP DAY!

US May payroll report in focus today: The markets are braced for a surge in the unemployment rate to a record high. The markets are...

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