Goldman Sachs Holds 75,000 Payroll Call After ADP Reports Softer Private Jobs Gain
Goldman Sachs left its July nonfarm payroll projection unchanged at 75,000 despite ADP reporting a weaker-than-expected private payroll gain of 44,000. The ADP release showed strength in education and health services but declines in leisure and hospitality and parts of the goods-producing sector. Goldman cited the ADP report's limited recent correl…