US Apr 2018 ADP NF Employment change 204K vs 200K expected

by | May 2nd, 2018, 12:18:26 | Economic Data, US

US April 2018 ADP Non-farm Employment change on 02.05.2018

  • prior 241K, revised to 228K
  • Components:
  • Small businesses: +62K v +47K m/m
  • Medium businesses: +88K v +127K m/m
  • Large businesses: +54K v +67K m/m
  • Goods-producing sector: +44K v +65K m/m
  • Service-providing sector: +160K v +176K m/m (99th straight month of increases)
  • Construction +27K v +31K m/m
  • Manufacturing +10K v +29K m/m

Mark Zandi, chief economist of Moody’s Analytics: Despite rising trade tensions, more volatile financial markets, and poor weather, businesses are adding a robust more than 200,000 jobs per month. At this pace, unemployment will soon be in the threes, which is rarified and risky territory, as the economy threatens to overheat.”

It’s rarely been a good indicator for what’s to come on Friday. Last month was a perfect example. Any move on the back of it should in theory be short lived.

K-man
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