#USOctoberNFP-AreRateCutsStillPossible
๐งพ ADP Beat at 86K, but Friday's Official Number Is the Real Test
Private employers added 86,000 jobs in October, topping forecasts.
๐ ADP: +86K vs 67K-75K expected; September revised to 86K
๐ผ Trade/transport +39K, health/education +28K, leisure +19K
๐ Professional and business services lost 27K, a third straight drop
๐ฐ Base pay +3.2% year over year; job-changers +4.8%
The catch: ADP has not been a reliable guide to the government report, which is forecast near 63K with unemployment at 4.2%.
Will Friday's NFP print above or below 63K? ๐
$BTC $ETH
#Macro #ADP #USOctoberNFP-AreRateCutsStillPossible
๐งพ ADP Beat at 86K, but Friday's Official Number Is the Real Test
Private employers added 86,000 jobs in October, topping forecasts.
๐ ADP: +86K vs 67K-75K expected; September revised to 86K
๐ผ Trade/transport +39K, health/education +28K, leisure +19K
๐ Professional and business services lost 27K, a third straight drop
๐ฐ Base pay +3.2% year over year; job-changers +4.8%
The catch: ADP has not been a reliable guide to the government report, which is forecast near 63K with unemployment at 4.2%.
Will Friday's NFP print above or below 63K? ๐
$BTC $ETH
#Macro #ADP #USOctoberNFP-AreRateCutsStillPossible
