ADP Nonfarm Employment Change (Sep) 89K vs 153K Est.
Portfolio Pulse from Bill Haddad
The ADP Nonfarm Employment Change for September was reported at 89K, significantly lower than the estimated 153K.
October 04, 2023 | 12:15 pm
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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 slowing economy, which could negatively impact the broader market and thus the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75