Market Analysis: ADP Employment Continues to Rise, but Structural Divergence Is Evident

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ME News message, on April 1 (UTC+8), U.S. financial website investinglive analyst commented on the ADP data, saying that after a period of weakness, the data has performed fairly well for the second consecutive time. Although the addition of 62k jobs isn’t strong, it to some extent eases pressure on the Federal Reserve’s employment target and makes it more inclined to keep interest rates unchanged or consider a rate hike. At the same time, employment growth for small businesses also improved. The negative aspect of the report is that out of the 62k newly added jobs, 58k came from the education and healthcare services industries. Construction added 30k jobs, while trade/transportation/utilities decreased by 58k jobs, and manufacturing decreased by 11k jobs. (Source: Jin Ten)

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