US ADP Employment Change (Jan) 22K vs. Exp. 48K (Prev. 41K, Low. 10K, High. 119K)
The weaker-than-expected ADP Employment Change report, printing at 22K versus the expected 48K, suggests that employment growth is slowing more than anticipated.
Chinese Commerce Ministry, on the EU wind turbine probe, says it will take necessary measures to safeguard firms' legitimate rights and interests; accuses EU of hurting Chinese firms' investment confidence
[PREVIEW] ECB Policy Announcement due Thursday 5th February at 13:15 GMT / 08:15 EST
US ADP Employment Change (Jan) 22K vs. Exp. 48K (Prev. 41K, Low. 10K, High. 119K)
Oracle (ORCL) wins a Lumeo RHIS contract for a clinical AI agent in Canadian healthcare
D.E. Shaw to push for board shake-up at Costar (CSGP), WSJ reports
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Annual Pay:
- Job-stayers 4.5% (prev. 4.4%).
- Job-changers 6.4% (prev. 6.6%).
This miss may indicate underlying softness in the labor market, potentially complicating the Fed's outlook on monetary policy as it navigates growth and inflation concerns. The slight uptick in annual pay for job-stayers and a dip for job-changers could also highlight wage pressures without significant job mobility, which may have implications for consumer spending.
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