Open Demo Account
Home / Market Update / Forex Market / US: ADP Employment Change rises 239K in October

US: ADP Employment Change rises 239K in October

Adel 2 November, 2022 4:49 pm Forex Market, Market Update

The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 239,000 in October. This reading came in better than the market expectation of 193,000. September print of 208,000 got revised down to 192,000.

Commenting on the data, “this is a really strong number given the maturity of the economic recovery but the hiring was not broadbased,” said Nela Richardson, chief economist, ADP.

Tags

Check Also

Oil Markets Eying Weekly Gains Following PMI Data

Crude Oil prices rebounded after a volatile Friday, driven by a surge in the US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends