Editor's PiCK
April ADP Non-Farm Employment in the US: 62,000 Jobs, Significantly Below Wall Street Expectations
Summary
- It was reported that the April ADP non-farm employment index in the US fell significantly below Wall Street expectations.
- According to the report released by ADP, new private sector jobs in April were 62,000, significantly below expectations and last month's figures.
- It was reported that the price of Bitcoin rose slightly after the indicator was released.
The April ADP (Automatic Data Processing) non-farm employment index in the United States fell significantly below Wall Street expectations.
According to the National Employment Report released by ADP on the 30th (local time), the number of new private sector jobs in April was 62,000, significantly lower than the expected 114,000 and last month's revised figure of 147,000.
The ADP National Employment Report is a measure of employment changes based on payroll data from approximately 400,000 U.S. business clients of ADP and is used as a predictor of government non-farm employment changes because it is released before government data.
After the indicator was released, Bitcoin rose slightly. As of 9:17 PM, Bitcoin is trading at $95,175 on the Binance USDT market, up 0.14% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
