The ADP employment data has been released, and there are several key points worth noting.
First, this month's employment numbers fell short of expectations, which is a fact. However, compared to the previous month, there has been some improvement sequentially. The issue is that this modest improvement doesn't change much——the overall employment market trend from September to December remains downward, and three rate cuts have failed to reverse this declining momentum.
The data comes from ADP company statistics. This human resources management company, founded in 1949, is not affected by government shutdowns, so the independence and authenticity of the data are still guaranteed.
Overall, this set of data cannot be considered particularly bullish, but at least there are no new negative factors. The real focus is tomorrow——when the official Labor Department data is released, we can have a clearer judgment on the Fed's subsequent policy direction.
The ADP employment data has been released, and there are several key points worth noting.
First, this month's employment numbers fell short of expectations, which is a fact. However, compared to the previous month, there has been some improvement sequentially. The issue is that this modest improvement doesn't change much——the overall employment market trend from September to December remains downward, and three rate cuts have failed to reverse this declining momentum.
The data comes from ADP company statistics. This human resources management company, founded in 1949, is not affected by government shutdowns, so the independence and authenticity of the data are still guaranteed.
Overall, this set of data cannot be considered particularly bullish, but at least there are no new negative factors. The real focus is tomorrow——when the official Labor Department data is released, we can have a clearer judgment on the Fed's subsequent policy direction.