Summary:
February saw just 77,000 jobs added, far below the 146,000 forecast, marking the smallest gain since July amid policy uncertainty.
March ADP
2/4/2025 (Wed)
Previous (Feb): 77k Forecast: 105k
Employers added a meager 77,000 jobs in February, much lower than 146,000, as companies pulled back as uncertainty about President Trump's economic policies grip the economy.
It marked the smallest gain since July and the weakness was broad-based. It was also a sharp reversal from the upwardly revised 186,000 jobs added in January.
Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
The yen fell Tuesday as the dollar rose after trade war eased. U.S. tariffs on Chinese goods drop from 145% to 30%, China’s to 10% from 125%.
2025-05-13
The Australian dollar rose after US-China weekend talks announced a trade deal. Though details are unclear, any easing may boost sentiment.
2025-05-12
U.S. stocks fall three days in a row, hitting consumer discretionary, with Tesla's market value shrinking and capital flowing to Europe and Japan.
2025-05-09
