ADP US jobs data coming up next | investingLive
Yesterday’s soft JOLTS report and downtrodden Beige Book led to a solid bid in bonds that weighed on the US dollar. Today we will get a series of notable economic data points, starting with ADP at 8:15 am ET. Given the revisions and looming manipulation of the official US jobs report, the ADP data is likely to take on more significance now and going forward. Moreover, the weakening jobs picture was flagged by ADP before it showed up in NFP revisions. The consensus is +65K.
Shortly afterwards we get initial jobless claims and US trade balance. At 10 am ET, the ISM services report is due up.
It should be a lively session.
Powell checks the calendar (AI image)