U.S. Private Sector Job Growth In August Slowest Since January 2021fxcue.com

(fxcue news) - A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by much less than expected in the month of August. ADP said private sector employment rose by 99,000 jobs in August after climbing by a downwardly revised 111,000 jobs in July. Economists had expected private sector employment to jump by 145,000 jobs compared to the addition of 122,000 jobs originally reported for the previous month. The smaller than expected increase in private sector employment in August reflected the slowest pace of job growth since January 2021. The report said employment in the service-providing sector climbed by 72,000 jobs in August, while employment in the goods-producer sector rose by 27,000 jobs. "The job market's downward drift brought us to slower-than-normal hiring after two years of outsized growth," said ADP chief economist Nela Richardson. "The next indicator to watch is wage growth, which is stabilizing after a dramatic post-pandemic slowdown." ADP said year-over-year pay gains were flat in August, remaining at 4.8 percent for job-stayers and 7.3 percent for job-changers. On Friday, the Labor Department is scheduled to release its more closely watched report on employment in the month of August, which includes both public and private sector jobs. Economists currently expected employment to climb by 160,000 jobs in August after rising by 114,000 jobs in July. The unemployment rate is expected to edge down to 4.2 percent in August after rising to 4.3 percent in July, reaching its highest level since October 2021.

U.S. Private Sector Job Growth In August Slowest Since January 2021

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U.S. Private Sector Job Growth In August Slowest Since January 2021

Swiss Market Ends Notably Lower

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Trader

Spot gold trading profits are eliminated, and today's trading is over.

The gold market is not suitable for chasing long positions, selling at high levels is the main strategy, and taking profits from selling orders is eliminated.

Gold sell orders take profit and exit, the entry point is not very good, continue to wait for opportunities.

Crude oil and gold trading took profit, earning $15751.

Trading of USDJPY, EURUSD, and XAUUSD took profit and ended today.

This week, gold trading has maintained one order per day, with 4 orders profitable and 1 order losing, resulting in a total profit of 651 US dollars. We will continue to maintain this trend.

This week, foreign exchange gold trading incurred a total loss of $7855, with trading varieties including EURUSD, USDJPY, GBPUSD, and gold. It has been losing money for two consecutive weeks Come on next week, turn losses into profits.

This week, gold trading saw a slight profit of $130, and gold prices continue to hit new highs. If the Federal Reserve cuts interest rates, gold prices will continue to hit new highs.

This week, the gold trading made a total profit of $1437, and the gold price hit a new historical high. The market will continue to be strong next week, so be cautious in selling and close as soon as possible.

This week, the gold market has experienced a strong rise, reaching a historic high, with a total loss of $7131 in trading for the week.

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U.S. Private Sector Job Growth In August Slowest Since January 2021

Australian Market Slightly Higher

U.S. Weekly Jobless Claims Edge Down Slightly More Than Expected

OpenAI Co-founder's New AI Startup SSI Raises $1 Bln

U.S. Labor Productivity Jumps More Than Previously Estimated In Q2

Japanese Market Slightly Higher

U.S. Labor Productivity Jumps 2.5% In Q2

U.S. Private Sector Job Growth In August Slowest Since January 2021

Swiss Market Ends Notably Lower

Please sign in

Trader

Spot gold trading profits are eliminated, and today's trading is over.

The gold market is not suitable for chasing long positions, selling at high levels is the main strategy, and taking profits from selling orders is eliminated.

Gold sell orders take profit and exit, the entry point is not very good, continue to wait for opportunities.

Crude oil and gold trading took profit, earning $15751.

Trading of USDJPY, EURUSD, and XAUUSD took profit and ended today.

This week, gold trading has maintained one order per day, with 4 orders profitable and 1 order losing, resulting in a total profit of 651 US dollars. We will continue to maintain this trend.

This week, foreign exchange gold trading incurred a total loss of $7855, with trading varieties including EURUSD, USDJPY, GBPUSD, and gold. It has been losing money for two consecutive weeks Come on next week, turn losses into profits.

This week, gold trading saw a slight profit of $130, and gold prices continue to hit new highs. If the Federal Reserve cuts interest rates, gold prices will continue to hit new highs.

This week, the gold trading made a total profit of $1437, and the gold price hit a new historical high. The market will continue to be strong next week, so be cautious in selling and close as soon as possible.

This week, the gold market has experienced a strong rise, reaching a historic high, with a total loss of $7131 in trading for the week.

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