ADP Employment Report Reaction

The ADP Employment Report came in at 42,000 jobs for October, a very low number by historical standards, though still above expectations of just 24,000.

When you look at the bigger picture, the total jobs created over the last four months adds up to only about 10,000, which is meager at best. But that didn’t stop the bond market from reacting as if 200,000 jobs were created.

Even the Federal Reserve seemed to view this as a stronger-than-expected report, which could make them less inclined to cut rates further.

The BLS and PCE data will be available ahead of the December 10th Fed meeting and that will give us hard numbers for the Fed to chew on.

Lets get you qualified http://www.YourApplicationOnline.com