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Adp Payrolls

All articles tagged with #adp payrolls

markets2 days ago•2 min saved

Gold Finds Support as Soft ADP payrolls Sustain Fed Rate-Hike Bets

Gold steadied near $4,335/oz after ADP reported August private payrolls rose only 38,000—a softer pace than expected and the slowest since January—raising questions about the U.S. labor market. The data keeps odds of a Sept. 16 Federal Reserve rate hike around 60%+ and fuels debate on policy, with some analysts saying weaker hiring could be supportive for gold if rate-hike expectations ease, while others caution that the upcoming NFP data will be decisive. Wage growth cooled modestly for workers changing jobs, while pay for those staying held at 3% annually. Overall, limited buying interest in gold persists despite the softer data, as traders weigh the risk of higher rates against gold’s appeal as a hedge.

via KITCO|

#adp-payrolls #fed-rate-hike #gold

business29 days ago•2 min saved

Gold climbs to seven-week high on weak payrolls and Hormuz optimism

Gold rose to seven-week highs as softer July ADP payrolls reduced the likelihood of a September Fed rate hike, while talks of reopening the Strait of Hormuz and a weaker dollar supported prices. Spot gold traded around $4,268 per ounce after peaking near $4,295, with futures near $4,329, leaving gold roughly 20% below its January peak.

via CNBC|

#adp-payrolls #business #fed-rate-expectations

markets3 months ago•1 min saved

Yields Rise as Payrolls Beat Forecasts, Oil Climbs

U.S. Treasury yields moved higher after the ADP private payrolls report showed May gains of 122,000 (the strongest since January 2025). The 10-year yield rose to about 4.489%, the 2-year to about 4.078%, and the 30-year to about 4.989%. Oil prices also climbed, with WTI closing at $96.02 and Brent at $97.81. The ISM services index came in at 53.6, and job openings rose to 7.6 million in April—the highest since May 2024 (per BLS, with a correction noted). The moves come amid ongoing Middle East tensions and shifting energy and labor data.

via CNBC|

#adp-payrolls #ism-services-index #job-openings

business11 months ago•3 min saved

US Private Sector Loses 32,000 Jobs in September Amid Market Uncertainty

The ADP National Employment Report indicates a decline of 32,000 private sector jobs in September, signaling potential softening in the labor market, especially as the upcoming government jobs report may be delayed due to a government shutdown. This decline is the largest since March 2023 and raises concerns about economic momentum and the Federal Reserve's upcoming interest rate decision.

via CBS News|

#adp-payrolls #business #government-shutdown

finance1 year ago•2 min saved

Treasury Yields Drop Amid Weak US Jobs Data and China's Export Controls

U.S. Treasury yields declined sharply following weak private sector job growth in May, the lowest in over two years, prompting President Trump to urge the Fed to cut interest rates amid concerns over slowing economic growth, trade tensions, and rising steel tariffs.

via CNBC|

#adp-payrolls #finance #interest-rates

finance3 years ago•1 min saved

"Market Surge: ADP Payrolls and GDP Revision Propel SP500"

US stocks, including the S&P 500, Nasdaq Composite, and Dow, rose slightly following a soft ADP payrolls gain and a downward revision of Q2 economic growth. The tech-heavy Nasdaq Composite was up 0.7%, while the S&P 500 and Dow were up 0.5% and 0.4% respectively. The ADP report showed private payrolls up 175K, lower than expected, but had little impact on rates. The market rally on Tuesday was driven by weak economic data, including a slump in job openings and a drop in consumer confidence, which reduced expectations of further rate hikes by the Federal Reserve. Revised Q2 GDP numbers were also lower than expected.

via Seeking Alpha|

#adp-payrolls #federal-reserve #finance