The U.S. private labor market showed some signs of cooling in August, with ADP reporting 38K jobs added compared with the 47K forecast. The previous reading was 46K.
The softer result could influence expectations around interest rates and broader economic conditions. Traders will likely be watching the dollar, gold, equities and crypto for signs of how markets are interpreting the data. The official Nonfarm Payrolls report will provide another important piece of the picture.
The softer result could influence expectations around interest rates and broader economic conditions. Traders will likely be watching the dollar, gold, equities and crypto for signs of how markets are interpreting the data. The official Nonfarm Payrolls report will provide another important piece of the picture.
