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US ADP February employment K +242K vs +200K expected

US ADP February employment K +242K vs +200K expected
  • Prior was +106K (revised to +119K)
  • Annual pay increase of job stayers +7.2% vs +7.3% prior
  • Pay increase of job changers +14.3% vs +15.4% prior
  • Small companies -56K
  • Midsized +77K
  • Larger +160K

This series is showing a different trajectory than the non-farm payrolls report but this is a pickup from the lowest levels in a year. The text of the report highlights wage inflation dynamics:

"We're seeing robust hiring, which is good for th... Read More

Posted: Mar 8 2023, 13:15
Author Name: forexlive
Views: 082148

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