Editor's PiCK
US November ADP Non-Farm Employment 146,000 Jobs...Significantly Lower Than Expected
Summary
- The US November ADP non-farm employment increase was significantly lower than expected, recording 146,000 jobs compared to the expected 166,000 jobs.
- This is a decrease compared to last month's announced 184,000 jobs, indicating the labor market is still unstable.
- The ADP employment report is utilized as a leading indicator for changes in non-farm employment, as it is released earlier than the government's data.
The US November ADP (Automatic Data Processing) non-farm employment index significantly fell short of expectations, recording 146,000 jobs compared to the expected 166,000 jobs.
On the 4th (local time), according to the preliminary employment report released by ADP, the new private sector employment in October was 146,000 jobs, significantly lower than the expected 166,000 jobs. This is also a substantial decrease compared to last month's announced 184,000 jobs. Despite the significant rise in the asset market following President Trump's election, the labor market, a core of the real economy, is still interpreted as being sluggish.
The ADP preliminary employment report is utilized as a leading indicator for changes in non-farm employment, as it is released earlier than the government's data, based on payroll data from about 400,000 US corporate clients of ADP (Automatic Data Processing).
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