Reply To: Traders Market Weekly: Apple, OPEC and Short Squeezes


The ADP Employment Change reflected an increase of 278,000 in May (consensus 160,000) following a revised increase of 291,000 (from 296,000) in April.

Weekly initial jobless claims totaled 232,000 (consensus 233,000) following a revised total of 230,000 last week (from 229,000). Continuing claims came in at 1.795 million following a revised 1.789 million last week.

Q1 Productivity rose to -2.1% in the revised reading (consensus -2.7%) from -2.7% in the prior reading. Q1 Unit Labor Costs fell to 4.2% ( consensus +6.3%) from 6.3% in the prior reading.