US: Highlight on the labour market with the release of the ADP report - TDS

Research Team at TDS, suggests that today’s highlight will be on the US labour market with the release of the ADP report (note, the release was delayed a day due to the Memorial Day holiday).

Key Quotes

“TD forecasts the addition of 165k private sector positions which is shy of the market consensus for 174k jobs. Initial jobless claims (TD: 263k, market: 270k) and the May Challenger Job Cuts will round out the day’s releases and likely be ignored by the market. From the Fed, Kaplan is scheduled to speak on the economy at 1300 ET.”