Goldman Sachs pointed out in a report that the ADP report showed that the number of people employed in the US private sector fell by 33,000 in June, far below expectations. At the same time, the number of employed people in May was also revised downward. However, we don't really value the ADP data, which falls short of expectations, because the correlation between ADP and the number of people employed in the US Bureau of Labor Statistics in the private sector has been limited over the past few years. We kept our forecast for the increase in the number of non-farm payrolls in June. It is still an increase of 85,000 people. The market consensus forecast is an increase of 110,000 people.

Zhitongcaijing · 07/02 14:25
Goldman Sachs pointed out in a report that the ADP report showed that the number of people employed in the US private sector fell by 33,000 in June, far below expectations. At the same time, the number of employed people in May was also revised downward. However, we don't really value the ADP data, which falls short of expectations, because the correlation between ADP and the number of people employed in the US Bureau of Labor Statistics in the private sector has been limited over the past few years. We kept our forecast for the increase in the number of non-farm payrolls in June. It is still an increase of 85,000 people. The market consensus forecast is an increase of 110,000 people.