US: Focus on ADP Employment and ISM Non-manufacturing – TDS

Analysts at TD Securities suggest that the market looks for ADP employment to rise by 200k in August ahead of the official jobs data on Friday.

Key Quotes

“Afterwards, ISM Non-manufacturing will give an update on momentum in the services sector at 10:00 ET with markets looking for a pick up to 56.8.”

“Revisions to Q2 nonfarm productivity and unit labor costs (market: 3.0%, -0.9%, little changed from the preliminary release) and initial jobless claims for September 1st (market: 213k) round out the data calendar.”