All articles tagged with #adp data
US private-sector employment increased by 54,000 in August, less than expected, indicating a cooling labor market. Wage growth remained steady, and job gains were led by leisure and hospitality sectors, while other sectors shed jobs. The data suggests the Federal Reserve may lower interest rates later this month amid signs of economic slowdown.
U.S. stock futures are up as markets anticipate key labor data, including the ADP private payrolls report. Samsung shares surged on hopes of supplying Nvidia with AI chips. China's services sector grew more than expected in May, while oil prices remain volatile amid concerns of oversupply and rising U.S. inventories.
New data from ADP shows that Americans who switch jobs are experiencing a median year-over-year pay increase of 10% in March, while job stayers saw a 5.1% annual wage gain. The spread between the two figures widened for the second consecutive month, with a surprise 184,000 job additions in March. Economists are closely monitoring wage increases in the Federal Reserve's fight against inflation, as continued wage growth could challenge the Fed's ability to cut interest rates quickly. However, strong job numbers have been considered positive for the overall economic story, with the next test for the labor market's strength coming with the release of the March jobs report.
If you choose to prioritize running backs early in your fantasy football draft, here is a list of wide receivers to target in the later rounds. The list includes players like Chris Godwin, Brandon Aiyuk, Michael Pittman, Tyler Lockett, and Mike Williams. These receivers offer value and potential upside, making them solid options for fantasy teams. Remember to use ADP data as a reference and consider your own draft strategy when selecting players.