Outlook

Weak ADP Jobs Report Raises Pressure on the Fed, but Doesn't Change the Bigger Picture

The latest ADP employment report delivered an unexpected warning for financial markets, with private-sector job growth falling below 100K for the first time in two months. The weaker than expected reading has immediately raised concerns that the U.S. labor market may be losing momentum. Although the ADP report is not the official Non-Farm Payrolls (NFP) report, it is closely watched by investors…
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Labor Market Pressure Keeps Risk Sentiment Supported.

The latest U.S. labor market data delivered mixed signals, but the overall message remains clear: labor market risk is still on the table. While the unemployment rate declined, it remains within a range that still reflects underlying weakness. At the same time, Nonfarm…
News

ADP Employment Data Signals Ongoing Labor Market Risk.

The latest ADP Nonfarm Employment Change report suggests that labor market risks remain present in the U.S. economy. While this is not the official Nonfarm Payrolls (NFP) data, it provides an important view into the health of private-sector employment. According to the…
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U.S. Jobs Data Update. (September NFP & Unemployment Report)

The U.S. Non-Farm Payrolls (NFP) and Unemployment Rate report for September was not released on time due to the recent government shutdown, which disrupted national labor data collection and processing. The report has now been rescheduled for release this week, ending the…