Employment data from ADP
Prior was 177K
It was the best reading since March for the ADP jobs report. The FX market is quiet at the moment but with the a few more data points coming up and the FOMC decision, it's certain to pick up.
From the report:
"The labor market is on a roll with no signs of a slowdown in sight," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Nearly every industry posted strong gains and small business hiring picked up."
Mark Zandi, chief economist of Moody's Analytics, said, "The job market is booming, impacted by the deficit-financed tax cuts and increases in government spending. Tariffs have yet to materially impact jobs, but the multinational companies shed jobs last month, signaling the threat."
