ADP data shows a decrease of 32,000 jobs in November, US dollar weakens
ChainCatcher news, according to Golden Ten Data, the US ADP employment numbers for November decreased by 32,000, far below the expected increase of 10,000, further reinforcing the narrative of a weakening labor market. This is the third time this year that ADP data has recorded negative growth, with previous declines of -23,000 in June and -29,000 in September. The -32,000 in November marks the largest drop since March 2023. In response, the US dollar fell again, with the USD/JPY once hitting a new daily low.
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