The ADP "mini-nonfarm payrolls" data will be released tonight, becoming a scarce indicator amid the US government shutdown.

PANews reported on November 5th that due to the US government shutdown, non-farm payroll data has been delayed for the second consecutive month, making the ADP "mini-nonfarm payroll" data a scarce reference indicator. The latest data will be released at 21:15 Beijing time tonight. The market expects US private sector jobs to increase by 28,000 in October, reversing the 32,000 decrease in the previous month.

While ADP data can fluctuate significantly due to benchmark adjustments, other recent employment indicators suggest that the US labor market remains resilient. However, economists caution against assigning excessive weight to ADP data, as it differs considerably from official non-farm payroll data and could trigger market volatility.

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Author: PA一线

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