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Uslabormarket

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"December Sees Surprising Surge in Private Sector Employment, ADP Reports"

Originally Published 2 years ago — by Fox Business

The ADP National Employment Report indicated that U.S. private sector job growth in December exceeded expectations, with 164,000 jobs added compared to the 115,000 forecasted by economists. This growth occurred despite the Federal Reserve's interest rate hikes, with signs of inflation moderation and economic slowdown. Wage growth is also on a decline, reducing concerns of a wage-price spiral. The leisure and hospitality sector led the gains, while there were losses in manufacturing, natural resources, mining, and information. This precedes the Labor Department's jobs report, which is also expected to show employment growth.

business economy adpreport economy federalreserve jobgrowth uslabormarket wagegrowth

"Upcoming US Labor Market Reports to Shed Light on Job Trends and Pay Growth"

Originally Published 2 years ago — by MarketWatch

The upcoming week is crucial for the U.S. economy with key economic data releases and Federal Reserve speakers influencing market expectations of interest rate cuts in 2024. Investors are anticipating a 150 basis point reduction in rates next year, but disappointing factory index data and a potential increase in the unemployment rate could signal a slowing economy and fuel recession concerns. The December jobs report and service sector index will be particularly telling, with outcomes likely to sway market beliefs regarding the pace of future rate cuts by the Fed.

business economy economicdata economy federalreserve interestrates recession uslabormarket