US ADP jobs healthy; review – Nomura

By FXStreet FXStreet (Guatemala) – Analysts at nomura explained the ADP national employment report in detail.

Key Quotes:

“According to ADP/Moody’s, private payrolls added another healthy 205k jobs in January, slightly above market expectations (Nomura: 180k, Consensus: 195k) after a revised 267k job gains in December (previously reported as 257k). Most of the job gains came from the service providing sector, which added 192k, while the goods producing sector only added 13k.

Further breakdown showed that manufacturing payrolls were on net unchanged over the month, construction added 20k and mining lost 8k. We remain comfortable with our call for Friday’s report to show that nonfarm payrolls increased by 185k and private payrolls added 180k jobs.”
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Source:: FX Street