US Non-Farm Payrolls Tends to Disappoint in the Month of July
Quotes from RBS:
-In terms of US non-farm payrolls, there appears to be a tendency for the headline number to disappoint in July.
-In 8 of the past 10 Julys, NFP (data for the month of June) has surprised to the downside.
-However, for next week, RBS US Economics is looking for the headline NFP to rise by 110k, a 14k overshoot relative to expectations.
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