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

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ME News Update, April 1 (UTC+8). An analyst from the U.S. financial website investinglive said regarding ADP data that, after a period of weakness, the data showed two consecutive times that were still acceptable. The addition of 62,000 jobs was not exactly strong, but it eased the pressure on the Federal Reserve’s employment target to some extent and made it more likely to keep interest rates unchanged or consider a rate hike. At the same time, employment growth for small businesses also improved. The downside of the report is that out of the 62,000 new jobs, 58,000 came from the education and healthcare services industries. Construction added 30,000 jobs, while trade/transportation/utilities decreased by 58,000 jobs, and manufacturing decreased by 11,000 jobs. (Source: Jinzi)

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