More on the ADP report: "The gain in private employment is strong enough to suggest that the national unemployment rate may have declined in July," says Joel Prakken. "If reinforced by a similar reading (NFP on Friday), it will alleviate concerns that the economy has slipped into a downturn." "If" is the operative word, as the ADP has generally strongly overestimated the NFP print recently.
More on the ADP report: "The gain in private employment is strong enough to suggest that the...
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