ADP Employment Gives Us A Signal
Non-Farm Payrolls releases at 8:30 AM. It tells us the amount of jobs created in government, manufacturing, and private payrolls.
We got a preview of how Non-Farm Payrolls may come in on Wednesday when ADP Employment Change data came out.
ADP Employment Change doesn’t include all payrolls, and it also doesn’t include government jobs.
However, this number came in roughly half the consensus, which was unexpected and very bearish.
It also bodes poorly for Non-Farm Payrolls, because if the rest of the economy follows the trend of the ADP numbers PLUS all of the DOGE cuts that have been made to government, this could be a disastrous number.
Non-Farm Payroll Numbers
The number that you’re looking to beat is 160K.
The consensus is actually that payrolls will beat last month’s number.
Again, with DOGE cuts, this has potential to be a disastrous number, and it would absolutely move the market if it is.
On the other hand, a lot of investors are expecting a poor number, so a beat could catch traders out of position and lead to buying.
Tune into my livestream this morning around 8:15 to trade the data together by clicking below: