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

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ME News message, April 1 (UTC+8). U.S. financial website investinglive analysts said the ADP data indicates that, after a period of weakness, the data showed fairly solid results for two consecutive times. The addition of 62k jobs, though not exactly strong, to some extent eased the pressure on the Federal Reserve’s employment target and made it more likely to keep interest rates unchanged or consider rate hikes. At the same time, employment growth for small businesses also improved. The report’s downside is that, of the 62k new 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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