Reported 5 days ago
The recent ADP report showed that 143,000 jobs were added in September, surpassing economist predictions of 125,000. While this indicates a robust labor market, chief economist Nela Richardson points out that there was no increase in wage growth, suggesting that this hiring surge won't lead to inflation, which is favorable for the Federal Reserve. Richardson describes the current labor market as nearing a 'Goldilocks scenario,' balancing sufficient job growth without inflationary pressures.
Source: YAHOO