February saw just 77,000 jobs added, far below the 146,000 forecast, marking the smallest gain since July amid policy uncertainty.
March ADP
2/4/2025 (Wed)
Previous (Feb): 77k Forecast: 105k
Employers added a meager 77,000 jobs in February, much lower than 146,000, as companies pulled back as uncertainty about President Trump's economic policies grip the economy.
It marked the smallest gain since July and the weakness was broad-based. It was also a sharp reversal from the upwardly revised 186,000 jobs added in January.
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.
The Swiss franc rose Friday, while the euro held steady after Trump’s harsher-than-expected tariffs shook markets, driving investors to safe havens.
2025-04-03Gold traded above $3,100 on Tuesday as tariff uncertainty fueled safe-haven demand, boosting inflation concerns and economic growth risks.
2025-04-02The Canadian dollar rose Tuesday as investors grew cautious before US tariffs. Oil prices surged amid fears of more sanctions on Russia and Iran.
2025-04-01