At 15:15 we expect new jobs according to ADP. The research institute believes that the strong pace of new job growth in November will continue in the last month of 2017. While the service sector traditionally constituted most of the new jobs, in recent months, commodity companies have played an important role in boosting new jobs in the US. This is mainly due to the recovery of several states from hurricanes Harvey and Irma.
What do the big Wall Street players think?
The average value of economists and analysts amounted to 191K new jobs, and high-ranking analysts such as Goldman Sachs are of the opinion that new jobs will increase by 201K to 220K.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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