ADP employment report shows job drop of 240,800 in September

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The employment report prepared by ADP indicated that in September a drop in jobs of 240,800. He August data was revised significantly down from -205,400 to -770,600.

“The labor market continued to show a drop in employment,” said Ahu Yildirmarz, vice president and co-head of ADP Research Institute. He pointed out that the largest drops in employment occurred in foreign trade, transportation and utilities, education and health, and in manufacturing.

At the same time, several US economic reports were released, which showed mixed data: on the negative side, initial requests for unemployment benefits and the Manufacturing Empire showed worse than expected numbers, while the Philly Fed jumped to highs. since February.

EUSD / CAD extended the bullish run and made a new high above 1.3220. The main tax is being the dollar, which is in demand in a context of falls in the stock markets and not due to the influence of recent data.

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Credits: Forex Street

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