Newsletter summary
Us ADP employment jumped 19 per cent in AprilMakecryptoplayinggames.20,000 peopleMakecryptoplayinggamesIt hit a new high since July 2023, exceeding the expected value of 175000 and a previous value of 184000.
Text of news flash
[U.S. ADP employment rose by 192000 in April, the biggest increase since July 2023.] the US job market showed a strong recovery in April, with ADP employment rising to 192000, significantly exceeding market expectations of 175000.
The increase was the largest monthly increase since July 2023, with a previous figure of 184000. Market analysts believe that this may be a sign that the US economy is gradually getting rid of the impact of the epidemic and that the labor market is recovering rapidly.
In terms of industry, ADP employment in the service sector increased by 169000, while that in the manufacturing sector increased by 23000. The release of this data provides investors with an important reference indicator for the US job market.
It should be noted, however, that the ADP payrolls data is only a forward-looking indicator of the non-farm payrolls data, and the market still needs to pay attention to the non-farm payrolls data to be released on May 6 in order to obtain a more comprehensive job market situation.
