🚨 Breaking: U.S. private-sector employment beats expectations. ADP reports 86K, far above the forecast of 69K.
ADP employment change came in at 86K, well above the 69K forecast.
Job openings surged to 7.523 million yesterday, and now private hiring is also strong. A hot labor market is keeping the Fed hawkish.
Democrats also won the midterm elections and took control of Congress, so markets now need to price in a new situation in Washington.
More data today: Services PMI comes out at 14:45 UTC (9:45 a.m. Eastern), and ISM Services PMI at 15:00 UTC (10:00 a.m. Eastern). The jobs report is due Friday.
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ADP employment change came in at 86K, well above the 69K forecast.
Job openings surged to 7.523 million yesterday, and now private hiring is also strong. A hot labor market is keeping the Fed hawkish.
Democrats also won the midterm elections and took control of Congress, so markets now need to price in a new situation in Washington.
More data today: Services PMI comes out at 14:45 UTC (9:45 a.m. Eastern), and ISM Services PMI at 15:00 UTC (10:00 a.m. Eastern). The jobs report is due Friday.
I've been trading these markets for over 12 years.
Don't miss the next big move. Follow me and turn on notifications.
$BTC
