Thursday, July 31, 2008

Non-Farm Payroll (NFP) Predictions for July

Consensus: -75k
ADP: 9k

Last: -62k

Just like in May the ADP and consensus number diverged. Last time the consensus was closer. But does it really matter?

Will NFP continue to be such a big market mover, or will it being to take a back seat to inflation numbers?

To see how the market has reacted to the number vs expectation DailyFX.com has a writeup on the last three months of NFPs.

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