BREAKING: ADP lower than expected, EURUSD ticks higher 📌

2:15 PM 31 January 2024

01:15 PM GMT, United States - Employment Data for January:

ADP Nonfarm Employment Change: actual 107K; forecast 145K; previous 158K;

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In January 2024, the economic situation shows improvement in inflation and a brighter outlook, despite a continuing hiring slowdown and reduced wage pressures that began in 2023. The benefit of changing jobs for higher pay has diminished, but wages, when adjusted for inflation, have seen an improvement over the past six months. This suggests a gradual and stable economic stabilization both in the US and worldwide.

Source: xStation 5

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