ADP Nonfarm Employment Change For August 177K Vs 195K Est.; 312K Prior
Portfolio Pulse from Happy Mohamed
The ADP Nonfarm Employment Change for August was reported at 177K, lower than the estimated 195K and significantly below the prior figure of 324K.
August 30, 2023 | 12:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The lower than expected ADP Nonfarm Employment Change could potentially impact the SPY ETF, as it reflects broader market sentiment.
The ADP Nonfarm Employment Change is a key economic indicator that can influence market sentiment. A lower than expected figure suggests a slowdown in job growth, which could negatively impact market sentiment and thus the SPY ETF, which tracks the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75