Weekly US ADP pulse 54.75 vs 39.25K prior
The four-week average of hiring jumped in the week ending April 4 to 54.75K. That’s the highest since the survey was launched in September.
These are high-frequency numbers so they’re prone to large adjustments but if employment continues to rise, there is little chance of the Fed cutting rates.
This article was written by Adam Button at investinglive.com.