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™
Fed Inflation Concerns RemainThe latest Federal Reserve minutes show that inflation remains a central concern for policymakers, even as recent economic data has reduced the urgency for another rate increase. Some officials believe price pressures are becoming more widespread, while a smaller group directly supported further tightening.
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Dollar Falls on Debt Concerns as Yields Rise (24 – 28 August)Global markets entered the week with the US dollar under continued pressure as concerns over federal debt and Treasury market management moved to the center of investor attention. The Dollar Index hovered near 98.8 following sharp losses in the previous week, while the US Treasury’s expanded bond buyback programme pushed longer-term yields and the dollar lower. The move supported gold, silver, and major currencies, while investors assessed its longer-term implications for US borrowing costs and the yield curve.
Detail Persistent USD Weakness Lifts Yields (08.24.2026)Global markets remained shaped by persistent U.S. dollar weakness, shifting central bank expectations, and renewed Middle East risks.
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