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  • ADP: Private Sector Employment Increased by 145,000 Jobs in March; Annual Pay was Up 6.9%

    From prnewswire.com

    Private sector employment increased by 145,000 jobs in March and annual pay was up 6.9 percent year-over-year, according to the March ADP® National Employment Report™ produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data of over 25 million U.S. employees to provide a representative picture of the labor market. The report details the current month's total private employment change, and weekly job data from the previous month. ADP's pay measure uniquely captures ... (full story)

Added at 8:18am

  • Private payrolls rose by 145,000 in March, well below expectations, ADP says

    From cnbc.com

    Private sector hiring decelerated in March, flashing another potential sign that U.S. economic growth is heading for a sharp slowdown or recession, payroll processing firm ADP reported Wednesday. Company payrolls rose by just 145,000 for the month, down from an upwardly revised 261,000 in February and below the Dow Jones estimate for 210,000. That took first-quarter hiring to an average of just 175,000 jobs a month, down from 216,000 in the fourth quarter and a sharp reduction from the average of 397,000 in the first quarter of 2022. “Our March payroll data is one of several signals that the economy is slowing,” ... (full story)

Storm incomung
The bad news is good news?
Bruh that way wayyyy below expectations, the situation is getting worst
Increasing is the happiness of labor.
Quoting Giucca
The bad news is good news?
Someone's bad news is always someone else's good news, so your question is unanswerable without context.
  •  Guest
  • | IP XX.XXX.72.221
ADP seems to undershoot payrolls by 100k compared to data from Government, which will be released on Friday.
Gold towards 2075 for historical rising
Quoting Ftmofx
Gold towards 2075 for historical rising
I'd be very cautious, everyone going long because of the news = may be a fakeout and bomb down. 10 year treasuries just sky rocketed.
Quoting MatTrader101
{quote} I'd be very cautious, everyone going long because of the news = may be a fakeout and bomb down. 10 year yields just sky rocketed.
Confirmation is dependent on ISM Service PMI as Gold is now RSI daily critical resistance
Quoting Ftmofx
{quote} Confirmation is dependent on ISM Service PMI as Gold is now RSI daily critical resistance
I'd be more inclined to trade silver... looks like a better opportunity, but 10 minutes after ISM service numbers come through we will get the real move. Scalp city for the next 30 minutes.
Any chances for the dollar to rise or it is doomed?
US employment data from yesterday and today are basically the same but defferent trade movement.
Doom and gloom the beginning part 1!
Unemployment is rising , safe havens are ideal buys right now
Master your mind. Master Trading.
Quoting KareemAliFx
Unemployment is rising , safe havens are ideal buys right now
Where is the safe haven?
Quoting dantpm
{quote} Where is the safe haven?
I bought gold, silver and buying jpy seems good too
Master your mind. Master Trading.
Quoting KareemAliFx
{quote} I bought gold, silver and buying jpy seems good too
Gold, Silver safe haven now
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