Summary:
ADP reported January job gains exceeded expectations, with all growth coming from service providers, indicating a stable labor market.
Feb ADP
5/3/2025 (Wed)
Previous (Jan): 183k Forecast: 140k
Private sector companies added more jobs than expected in January, furthering the case for a stable labour market, ADP reported. But All of the job creation came from service providers
Companies created 183,000 jobs on the month, slightly more than the 176,000 in December, a number that was revised from the initial figure of 122,000. Again it differed significantly from what NFP reported later.
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.
Trump's policies led to US stock outflows, and the dollar's decline widened the asset gap. Emerging markets may attract capital inflows.
2025-04-30
Private sector added 155,000 jobs in March, with wages up 4.6%, easing concerns about a labor market and economic slowdown.
2025-04-30
Inflation did not slow down in February, with core PCE up 2.8% year-on-year. Goods prices rose 0.2%, led by entertainment goods and automobile prices.
2025-04-30
