The Latest Breaking News from ADP

If the Federal Reserve needed any encouragement toward easing, the latest ADP numbers are pushing in that direction. Instead of modest job gains, private employers shed 32,000 positions in November, with pay growth cooling to 4.4% year over year.

ADP reported that private-sector employment fell by 32,000 jobs in November.

Fed rate-cut odds surge toward 90% as weak labor data, ADP losses, and Challenger layoffs fuel Wall Street hopes for a December move despite a divided FOMC.

Most of the talk early Thursday morning has to do with the US labor market following Wednesday's weak ADP number for November.

The economic fortunes of mom-and-pop businesses are diverging from their larger counterparts.

U.S. private employers unexpectedly cut 32,000 jobs in November, reversing October's gains and signaling renewed labor-market weakness. ADP's data showed broad declines led by small businesses and major sectors like manufacturing and professional services, while pay growth continued to slow. The softer report boosted market expectations for another Fed rate…

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up by +0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.20%. December E-mini S&P futures (ESZ25 ) rose +0.33%, and December...

The best available data right now confirm both a slowing employment market and a December rate cut, a tension reflected at the equity index level.

The dollar index (DXY00 ) on Wednesday fell by -0.50% and posted a 5-week low. The dollar was undercut by Wednesday’s weak Nov ADP report, which was dovish for Fed policy and cemented expectations for a Fed rate cut at next week’s FOMC meeting. The dollar failed to find support...

Miners led the way in London on rising metals prices, with copper showing particular strength.

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.06%. December E-mini S&P futures (ESZ25 ) are up +0.16%, and December...