US: All eyes on ADP employment and jobless claims data - TDS

Research Team at TDS, suggests that the US ADP Employment growth is expected by the market to slow in June to a 160k pace from 173k last month.

Key Quotes

“TD looks for a roughly unchanged print of 174k, though after the 135k wedge between ADP and nonfarm payrolls in May the market is likely to take the report with a grain of salt. Meanwhile, TD looks for initial jobless claims to decline to 255k while the market looks for an unchanged print of 269k.”