US Private Sector Jobs Rise by 42,000 in October, Surpassing Expectations
TL;DR
Federal Reserve Governor Stephen Miran views the recent increase in US private-sector jobs as a positive surprise and advocates for lower interest rates, citing the current restrictive policy as risky, amid moderating wages and labor demand.
Topics:businesseconomy#adp-jobs-report#economy#employment-data#federal-reserve#interest-rates#monetary-policy
- Fed’s Miran Says ADP Jobs Data Slightly Better Than Expected Bloomberg.com
- Modest jobs growth isn't enough to change the economic narrative — but enough to cast doubt Yahoo Finance
- Private payrolls rose 42,000 in October, more than expected and countering labor market fears, ADP says CNBC
- The US economy added 42,000 private-sector jobs last month, more than expected CNN
- ADP National Employment Report: Private Sector Employment Increased by 42,000 Jobs in October; Annual Pay was Up 4.5% PR Newswire
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