Summary:
ADP reported private job creation hit a year-high in October, despite storms in the Southeast and major labor disruptions.
Nov ADP
4/12/2024 (Wed)
Previous (Oct): 233k Forecast: 150k
Private job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labour disruptions, ADP reported.
The report showed other sign of the labour market holding up with growth in wages of 4.6% from a year ago. But job creation was strongly concentrated in companies with 500 or more employees.
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.
2025-04-03
February saw just 77,000 jobs added, far below the 146,000 forecast, marking the smallest gain since July amid policy uncertainty.
2025-04-02
Gold traded above $3,100 on Tuesday as tariff uncertainty fueled safe-haven demand, boosting inflation concerns and economic growth risks.
2025-04-02
