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  • ADP US National Employment Report: Private Sector Employment Increased by 146,000 Jobs in November; Annual Pay was Up 4.8%

    From prnewswire.com

    Private sector employment increased by 146,000 jobs in November and annual pay was up 4.8 percent year-over-year, according to the November ADP® National Employment ReportTM produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees. The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data to provide a representative picture of the ... (full story)

Added at 8:19am

  • Private payrolls grew by 146,000 in November, less than expected, ADP says

    From cnbc.com

    Private payrolls growth was less than expected in November, part of ongoing slowing in the labor market, according to a report Wednesday from ADP. Companies added 146,000 on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000. Education and health services led job creation, adding 50,000 positions on the month. That was followed by construction with 30,000 new jobs, trade, transportation and utilities with 28,000 additions, and the other services category, which contributed 20,000 jobs. Manufacturing lost 26,000 positions on the month. Businesses with fewer than ... (full story)

ADP is too low compared to the forecast and previous. A bullish spike was expected from BTC/USD and Gold. Market is sleeping.
Should think twice before lowering interest rates.
Quoting Bakker
Should think twice before lowering interest rates.
Anyhow the report comes. rate will still need to be reduced!!!
annual pay up
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    Lagarde: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament

    From ecb.europa.eu|Dec 4, 2024

    I am pleased to return to this Committee to discuss the ECB’s monetary policy at such a critical juncture for Europe. We are witnessing a rapidly shifting geopolitical landscape, but also enduring major structural challenges to our economic model. Europe’s response must be swift. It should focus on spurring investment, fostering innovation and raising productivity. This will require bold policy action and, together with the new European Commission and the Council, this Parliament will have an important role to play. In my remarks today, I will discuss an important element of this response – the new economic governance framework – which you have chosen as one of the topics of this hearing. But I would like to start by updating you on the ECB’s assessment of the euro area economy and our monetary po post: ECB'S LAGARDE: GROWTH WILL BE WEAKER IN THE SHORT TERM, || FURTHER AHEAD, THE EURO AREA’S ECONOMIC RECOVERY SHOULD START TO GATHER SOME STEAM ECB'S LAGARDE: THE MEDIUM-TERM ECONOMIC OUTLOOK IS UNCERTAIN || INFLATION IS EXPECTED TO TEMPORARILY INCREASE IN THE FOURTH QUARTER OF…

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