October 2017 US ADP employment report 01 November 2017

  • Prior 135k. Revised to 110k
  • Small biz 79k vs -7k prior
  • Medium 66k vs 63k prior
  • Large 90k vs 79k prior
  • Service sector 150k vs 88k prior
  • Goods sector 85k vs 48k prior

Sector breakdown;

  • Trade & transport -50k vs -18k prior
  • Construction 62k vs 29k prior
  • Manufacturing 22k vs 18k prior
  • Professionals & biz 109k vs 51k prior
  • Education & health 39k vs 29k prior
  • Leisure 45k vs 20k prior
  • Financial 9k vs 4k prior
  • Resource & mining 1k vs 1k prior
  • Information -27k vs -11k prior
  • Other 24k vs 13k prior

While we await the details, this beat might not be good enough for a market looking for a big rebound in Friday’s NFP. USDJPY has ticked up to a new high of 114.16 from 114.00. Not exactly ripping the roof off is it?

So far the only currency taking a hit is EURUSD which has dropped to 1.1617 from 1.1638.

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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