Summary
- It reported that U.S. October ADP nonfarm employment increased by 42,000, exceeding market expectations.
- This is 10,000 more than the expert forecast of 32,000.
- Although the ADP employment report does not always align with the Labor Department's official statistics, it provides insights for investors.
Last month, the U.S. private employment indicator exceeded market expectations.
According to the Automatic Data Processing (ADP) employment report on the 5th (local time), U.S. nonfarm employment increased by 42,000 last month compared to the previous month. This figure is 10,000 more than the expert forecast (32,000). In September, nonfarm employment decreased by 29,000.
The ADP employment report is typically released two days ahead of the U.S. Department of Labor's Bureau of Labor Statistics (BLS) employment report and is regarded as a kind of 'preview.' However, it does not always move in the same direction as the government's official statistics.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
!["Ceasefire possible" lifts Wall Street in sharp rebound as U.S., Iran speak in unison… Micron +5% [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/6f098531-c21e-46ed-a075-a5a6c68f885b.webp?w=250)