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ADP
Market Watch
2 days

Government shutdown leaves investors in a data void. Here’s how they get around it.

1. ADP reports private-sector payrolls contracted for the second consecutive month. 2. Hiring plans are the weakest since 2009, raising concerns about job market. 3. Institute for Supply Management shows labor index still in contraction territory. 4. Alternative data sources indicate varied job market sentiment amid government shutdown. 5. Major stock indices hit record highs despite lack of government employment data.

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FAQ

Why Bearish?

ADP's continued contraction in private payrolls suggests weakening job market, historically linked to decreased corporate demand.

How important is it?

The article discusses negative trends in employment data, critical for ADP's business model.

Why Short Term?

Immediate contraction trends can influence investor sentiment quickly, impacting ADP's short-term performance.

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