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ADP US August employment +177K vs +195K expected

Prior was +324K (revised to 371K)Details:small (less than 50 employees) +18K vs +237K priormedium firms (500 – 499) +79K vs +138K priorlarge (greater than 499 employees) +83K vs -67K priorJob stayers 5.9% vs 6.2%Job changers 9.5% vs 10.2%Last month this data point was +324K compared to +189K expected so it certainly didn't predict a soft non-farm payrolls. Yet here we are again, hanging on the ADP data.Job growth slowed notably last month, driven heavily by leisure and hospitality. Job creation... Read More

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Content Topics

August

Employment

177k

195k

Expected

Forex

Posted: Aug 30 2023, 12:15

Author Name: forexlive

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