ADP nonfarm employment change in the US - Ester Holdings

ADP nonfarm employment change in the US

  • ADP nonfarm employment change  (September), fact 230K, forecast 187K.

According to ADP, the number of people employed in the US nonfarm sector unexpectedly increased in September, surpassing all expectations and came close to the highs of the year.

Fig. 1. Graph of changes in the number of people employed in the US non-farm sector


The growth of US non-farm payrolls has increased optimism regarding the US Friday employment report (NFP), which can support it against the background of the moderate growth of the US dollar.

The dollar index at the same time returned above the level of 95.50, significant resistance, indicating the possibility of resumption of upward dynamics and the test of the resistance level of 95.70-80.

Fig. 2. The US dollar index chart. The current price is 95.50 (10-year government bonds yield is the blue line)

Read also: “Government Bonds – The Mechanism of Trade and the Correlation with the Currency Market”

Hanzenko Anton

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