The 2-year Treasury yield reached its highest level since the global financial crisis as investors anticipate the Federal Reserve will further tighten monetary policy following hot jobs data. In June, private U.S. businesses created 497,000 jobs, the biggest increase since February 2022 and higher than the consensus estimate of 228,000, according to the ADP Research…
2-Year Treasury Yield Hits 16-Year-High on Hot Jobs Data
The 2-year Treasury yield reached its highest level since the global financial crisis as investors anticipate that the Federal Reserve will further tighten monetary policy following the release of hot jobs data on July 6. In June, private U.S. businesses created 497,000 jobs, the biggest increase since February 2022 and more than the consensus estimate…
ADP Jobs Report Below Expectations, as Employers Added 127,000 Positions in November
December 1, 2022
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Private sector employment grew in the United States at a slower pace than expected in November, according to the recent ADP National Employment Report. In total, the private sector added 127,000 jobs this month, up 7.6 percent year over year, according to an ADP press release on Nov. 30. This is the smallest job creation number since…
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