ADP estimates a decrease of 11,250 private sector jobs in October
ChainCatcher news, according to Golden Ten Data, employment data company ADP estimates that in the four weeks ending October 25, the private sector reduced 11,250 jobs per week. This is the latest data in ADP's weekly data series, which aims to more closely replicate the non-farm payroll report.
After the data was released, the US Dollar Index (DXY) plunged in the short term, non-US currencies collectively rose, and spot gold edged higher.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ - Whirlpool shares fall due to quarterly earnings missing expectations
Citadel Securities: AI trading has no margin for error, capital expenditure becomes a "double-sided risk"
Citadel Securities analyst Shah pointed out that the market's reliance on AI trading has become deeply embedded in both the economy and capital markets, leaving very little margin for error. Capital expenditures exhibit a "double-edged sword" effect: reductions trigger doubts about the sustainability of the cycle, while continuous increases pose risks concerning financing and returns.
Mexican Peso defies US Dollar strength as Iran peace hopes lift sentiment
