​ADP Employment Report Shows Strong Rebound In Jobs – Tyler Durden

ADP Employment Report Shows Strong Rebound In Jobs In the first major labor market indication since The Fed slashed rates by 50bps (because the economy is doing so well?), ADP’s Employment report showed a much bigger than expected increase in jobs (+143k vs +125k exp vs +103k prior)… Source: Bloomberg That was above all but one of the economists’ estimates… Source: Bloomberg Job creation showed a widespread rebound after a five-month slowdown. Only one sector, information, lost jobs. Manufacturing added jobs for the first time since April. Wage growth continues to slow…Year-over-year pay gains for job-stayers fell slightly in September…  — Continue at ZeroHedge News : Read More