ADP is a leading indicator for the official NFP (Non-Farm Payrolls).
๐ When ADP beats:
Signals labor market strength
Raises odds that NFP could also surprise to the upside
BUT โ ๏ธ:
๐งพ Simple summary
ADP jobs = 62K vs ~40K expected (beat)
Signals stable labor market
Supports stronger USD + higher yields
Sets up high-stakes NFP reaction
#ADPJobsSurge
๐ When ADP beats:
Signals labor market strength
Raises odds that NFP could also surprise to the upside
BUT โ ๏ธ:
๐งพ Simple summary
ADP jobs = 62K vs ~40K expected (beat)
Signals stable labor market
Supports stronger USD + higher yields
Sets up high-stakes NFP reaction
#ADPJobsSurge
