Reported about 1 month ago
Investors received conflicting signals about the labor market, with the ADP National Employment Report indicating only 99,000 private sector jobs added in August, far below the expected 145,000 and marking the lowest increase since 2021. Conversely, initial jobless claims were slightly better than expected at 227,000, down from the forecast of 230,000. The data could influence the Federal Reserve's decision regarding interest rate cuts in its upcoming meeting.
Source: YAHOO