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- CS cuts Payrolls estimate
CS cuts Payrolls estimate
Analysts at CS cut non-farm payrolls data forecast, saying "We are lowering our nonfarm payroll estimate to 120K (from 185K) and our private payroll estimate to 135K (from 200K). The ADP figures were significantly different than our prior forecasts. ADP has been weaker than the official private payrolls 12 of the last 14 months, so the BLS number is likely to print above ADP."
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