ADP Employment Beats Expectations
Tyler Durden
Wed, 09/30/2020 – 08:22
After two month of disappointingly low employment gains, ADP reports a 749,000 increase in jobs in September (better than the 649k expected and close to payrolls 800k expectation for Friday).
Source: Bloomberg
For some perspective on that ‘rebound’, this is the same level of employment as at Dec 2014…
Source: Bloomberg
Medium- and Large-businesses dominated the hiring with only education seeing a drop in employment…
Transportation and Manufacturing saw the biggest job gains…
As a reminder, Friday’s is the last payrolls data ahead of the election.
via ZeroHedge News https://ift.tt/3neJTyy Tyler Durden