ADP Weekly Estimate: US Private Payrolls UP +19,750!
The jobs market is still alive — slow, but not dead!
ADP's NER Pulse (Weekly Estimate) is out:
Week ending Oct 24: +19,750 jobs per week (4-week average)
Previous week (Oct 17): +19,500
Week before that (Oct 10): +16,750
That means hiring has improved for the 2nd straight week.
Bigger Picture:
Official October Jobs Report: 165,000 jobs added.
ADP Monthly Report for October: 86,000 private jobs added.
What does this mean for the market?
Good News: Jobs are still being created = Recession fear is lowerBad News for Rate Cuts: Strong jobs = More reason for the Fed to hike in December. The Fed says — if jobs are strong, we can keep rates higher to fight inflation.For Crypto: Strong jobs = Strong Dollar = Short-term pressure on crypto, but long-term a healthy economy is good.
Understand the simple formula:
Jobs UP = Economy Strong = Fed Hawkish = Crypto Short-term Pressure
But remember: These numbers are PRELIMINARY and can be revised. ADP data often differs from BLS data.
My take: The labor market is cooling, not crashing. This supports the soft-landing story.
What do you think?
Is strong jobs good news or bad news because of the Fed hike? Comment GOOD or BAD.
#ADP #JobsReport #Payrolls #Fed #Crypto #BinanceSquare
NFA - DYOR#adpweeklyestimateshowsusprivatepayrollsup19750
The jobs market is still alive — slow, but not dead!
ADP's NER Pulse (Weekly Estimate) is out:
Week ending Oct 24: +19,750 jobs per week (4-week average)
Previous week (Oct 17): +19,500
Week before that (Oct 10): +16,750
That means hiring has improved for the 2nd straight week.
Bigger Picture:
Official October Jobs Report: 165,000 jobs added.
ADP Monthly Report for October: 86,000 private jobs added.
What does this mean for the market?
Good News: Jobs are still being created = Recession fear is lowerBad News for Rate Cuts: Strong jobs = More reason for the Fed to hike in December. The Fed says — if jobs are strong, we can keep rates higher to fight inflation.For Crypto: Strong jobs = Strong Dollar = Short-term pressure on crypto, but long-term a healthy economy is good.
Understand the simple formula:
Jobs UP = Economy Strong = Fed Hawkish = Crypto Short-term Pressure
But remember: These numbers are PRELIMINARY and can be revised. ADP data often differs from BLS data.
My take: The labor market is cooling, not crashing. This supports the soft-landing story.
What do you think?
Is strong jobs good news or bad news because of the Fed hike? Comment GOOD or BAD.
#ADP #JobsReport #Payrolls #Fed #Crypto #BinanceSquare
NFA - DYOR#adpweeklyestimateshowsusprivatepayrollsup19750
