Latest Updates: Related to Inflation

Persistent Labor Challenges to Test Fed Resolve

09/01/2021

This morning, the ADP employment change report showed just +374k jobs added to company payrolls in August, well short of the +625k median forecast. This marks the second straight disappointing ADP report after +326k jobs were added in July. There is very little monthly correlation between the second tier ADP count and the widely-anticipated Bureau of Labor Statistics payroll report, which is scheduled for release on Friday morning. However, with the Fed hyper-focused on jobs, this morning’s report takes on added significance.

 

Read the full article

Read more Economic Commentary

Learn More From HilltopSecurities

Yields Rise Sharply on Unexpectedly Strong (but Noisy) Labor Report

Purchasing Managers Surveys Signal Improvement

Thank you for visiting the HilltopSecurities website.
For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.