13:16 · 31 July 2024

BREAKING: ADP data lower than expected; EURUSD up slightly 📌

01:15 PM BST, United States - Employment Data for July:

  • ADP Nonfarm Employment Change: actual 122K; forecast 147K; previous 155K;

In July 2024, the private sector saw an increase of 122,000 jobs, while annual pay rose by 4.8%, as reported by the ADP National Employment Report. This report, produced by ADP Research Institute in collaboration with Stanford Digital Economy Lab, is based on anonymized payroll data from over 25 million U.S. employees. Job growth was primarily in the service sector, which added 85,000 jobs, and the goods-producing sector, which added 37,000 jobs. Pay gains for job-stayers slowed to 4.8%, marking the slowest growth rate in three years, and job-changers saw a pay increase of 7.2%, down from 7.7%.

The data confirm further stabilization in the labor market. The lower-than-expected ADP data may suggest a similar direction for Friday's NFP data. The data is good for the Fed and supports the scenario of first interest rates cut during September meeting. USD ticks lower after the publication.

27 August 2026, 19:10

Daily Summary: Nvidia drives the Nasdaq 100 up 1.3% (27.08.2026)

27 August 2026, 14:13

Market Wrap: Defence bucks declines in Europe. Dollar stabilises before Jackson Hole (27.08.2026)

27 August 2026, 07:27

Economic Calendar - Waiting for Jackson Hole and ECB meeting minutes

27 August 2026, 06:34

⚡Morning Wrap: Nvidia wows with results again (08.26.27)

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.