Mar 2018 US ADP Nf employment change on 04.04.2018

  • prior 235K, revised to 246K
  • – Small businesses: +47K v +68K m/m
  • – Medium businesses: +127K v +97K m/m
  • – Large businesses: +67K v +70K m/m
  • – Goods-producing sector: +65K v +37K m/m
  • – Service-providing sector: +176K v +198K m/m (98th straight month of increases)
  • – Construction +31K v +21K m/m
  • – Manufacturing +29K v +14K m/m

Another beat as well on the headline as the revision. USD up a spread but nothing spectacular for now. Trade wars overshadow the numbers


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