TSX:AX.PR.E - Post by User
Comment by
Torontojayon Sep 05, 2024 11:39am
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Post# 36209951
RE:Weak(er) ADP this morning
RE:Weak(er) ADP this morning Adp jobs was the lowest level since 2021 and likely to be revised lower in the months ahead. This is the trend that's been going on for a long time now. It's never revised higher, only just lower. Keep in mind they overestimated non farms payroll by almost 70k per month for the last year!
The beige book contains a wealth of information and it's not looking good out there.