Pantheon Macroeconomics - ADP's reported 158K increase in private payrolls was very close to our model-based estimate, so it doesn't change our 220K forecast for todays official payroll number, well above the 177K consensus.

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7 July 2017 Upside Risk for Payroll. Despite Soft ADP. Robust AHE a Decent Bet too

By Ian Shepherdson

ADP's reported 158K increase in private payrolls was very close to our model-based estimate, so it doesn't change our 220K forecast for todays official payroll number, well above the 177K consensus.

Posted: 6th Jul 2017 in 'U.S. Documents'

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