US payrolls number seen very weak-Mac.Advisers Prakken
Figures on Wednesday showing the U.S. private sector added a paltry 13,000 jobs were disappointing and are consistent with expectations for a big drop in the upcoming non-farm payrolls report, Macroeconomic Advisers LLC chairman Joel Prakken said.
Prakken, whose firm jointly developed the ADP Employer Services report on private sector employment, told a teleconference that Friday's U.S. payrolls report from the government was likely to result in a very weak and negative number.
He also said the case was building for a downward revision to forecasts for gross domestic product growth in the second half of the year.
(Reporting by Burton Frierson, Editing by Chizu Nomiyama)
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