Summary:
ADP's latest survey: Only 107,000 jobs added, far below the expected 145,000. December's gain revised to 158,000 from 164,000.
Feb ADP, 6/3/2024 (Wed)
Previous (Jan): 107k Forecast: 150k
The ADP’s monthly survey showed 107,000 jobs were added, well below the 145,000 estimate. December’s gain was revised down to 158,000 from 164,000 originally.
However, the official figure of job creation is more than triple of that, reflecting contradicting prospects of sizable rate cuts that are expected later this year.
“Progress on inflation has brightened the economic picture despite a slowdown in hiring and pay,” said Nela Richardson, chief economist at ADP.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
DXY climbs toward 98.00 as traders respond to Fed policy uncertainty and Trump's new tariff threats against Canada and the EU.
2025-07-11
Rupee falls 22 paise to 85.86 per USD as Sensex drops 625 points and Nifty slides 182 points. TCS earnings disappoint, trade worries weigh on sentiment.
2025-07-11
The Canadian dollar fell Friday as Trump planned 15–20% blanket tariffs on most trade partners, signaling more global trade upheaval.
2025-07-11
