In October 2024, U.S. private sector employment increased by 233,000 jobs, marking the highest monthly job creation since July 2023, according to the ADP® National Employment Report™.
In October 2024, U.S. private sector employment increased by 233,000 jobs, marking the highest monthly job creation since July 2023, according to the ADP® National Employment Report™. This boost in hiring reflects continued recovery efforts from recent hurricane impacts, aiding job growth across most sectors. Annual pay saw a 4.6% year-over-year increase, highlighting sustained wage growth.
While most sectors experienced employment gains, the manufacturing sector recorded a decline in jobs, standing out as the only sector to face contraction. This overall positive trend in employment signals resilience in the private sector, as businesses navigate ongoing economic challenges.
Source: ADP National Employment Report™
The euro trades near $1.0370 as the dollar index eases from last year's strength, supported by rising U.S. yields and anticipated pro-growth Trump policies.
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Chicago PMI Falls to 36.9 in December, Sharpest Since MayThe Chicago Business Barometer, commonly known as the Chicago PMI, declined to 36.9 in December 2024, down from 40.2 in November and significantly below the market expectation of 42.5.
Detalle Dollar Holds Steady as Fed Rate Outlook Guides Year-End Trading (12.31.2024)Global markets wrap up the year with the euro near $1.04 and the yen showing slight gains, as the Federal Reserve’s 2025 outlook limits rate cut expectations.
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