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Monday, August 4, 2008

A look at recent US data

ADP Nonfarm Employment Change: 9K vs -58k exp vs -77k
Nonfarm Employment Change:-51K vs -75k exp vs -51k prev
Unemployment Rate: 5.7% vs 5.6 exp vs 5.5% prev
ISM Manufacturing Index:50.0 vs 49.4 exp vs 50.2
Total Vehicle Sales: 12.6M vs 13.6m exp vs 13.6 prev

My views: ADP vs NFP again, the changes are quite big in ADP while auto sales are down as expected in rising oil prices. The big thing is again unemployment rate rising as traders try to balance employment vs unemployment.

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