2025-11-05 13:15:00
- Prior was -32K (revised to -29K)
Details
- Goods producing K vs -3K prior
- Service providing K vs -28K prior
- Trade/transportation/utilities K vs -7K prior
- Leisure/hospitality K vs -19K prior
- Median pay for job stayers 4.5% vs 4.5% prior
- Median pay for job changers 6.7% vs 6.6% prior
The market started to feel better about jobs after ADP published a weekly employment measure for the first time. It showed a four-week average of 14,250 jobs, or roughly 57K on the month. That indicated a stabilization in the employment market, if not a pickup from the summer lows. With that — and similar indicators — Fed officials began a shift away from dovish rhetoric for the December meeting.
This article was written by Adam Button at investinglive.com.
