Prior was +62K (revised to +61K)
Details:
Goods +xxK versus +30K last monthService +xxK versus +32K last monthSmall business +xxK vs +85K priorMedium businesses -xxK vs -20K last monthLarge businesses -xxK vs -4K last month
Wages:
Wages for job stayers xx% vs 4.5% last monthWages for job changers xx% vs 6.6% last month
Some calendars had 120K as consensus, so a big number was expected, especially after all the very strong weekly ADP updates.
For background, the ADP National Employment Report is a widely followed monthly gauge of U.S. private-sector hiring, produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab. It draws on aggregated and anonymized payroll data from over 26 million employees, making it one of the largest non-government labor market datasets available. Released on the first Wednesday of each month, typically two days ahead of the Bureau of Labor Statistics’ nonfarm payrolls report, it serves as an early read on employment trends for investors, policymakers, and businesses.
This article was written by Giuseppe Dellamotta at investinglive.com.