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Shockingly strong jobs numbers from the US on Thursday – Goldman Sachs shrugs them off | Forexlive

The ADP number came in super-strong in data from the US on Thursday:

Goldman Sachs shrugged it off:

  • We suspect a distortion in the ADP seasonal factors contributed to
    the strength, as ADP employment growth had picked up in June in 6 of
    the last 7 years
  • We left our nonfarm payroll forecast unchanged at
    an above-consensus +250k

JP Morgan, though, are wary:

  • ADP has generally not tracked BLS private nonfarm payrolls that well
    over time
  • but today’s report does hint at some potential upside
    risk to our call for a 165,000 gain in private payrolls (200,000
    headline).

the data is due at 8.30 am US Eastern time:

This
snapshot from the ForexLive economic data calendar, access
it here.

  • The
    times in the left-most column are GMT.
  • The
    numbers in the right-most column are the ‘prior’ (previous
    month/quarter as the case may be) result. The number in the column
    next to that, where there is a number, is the consensus median
    expected.