US September ADP2nd October, 2019 1:57 pm
Another weak ADP number, both for the current month but notably also the sharp downward revisions to the August release. The private sector survey suggested 135k jobs were added last month from a downwardly revised 157k in August. If we compare Q3 job creating this year to last year the total has slowed from 642k to 434k, t’s quite a drop.
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