Daily Archives: Oct 4, 2017 at 10:52 am EST

ADP: US Employment Growth Fell Sharply In September

US companies added a relatively soft 135,000 workers in September, a hefty slide from the 228,000 advance in the previous month, according to this morning’s release of the ADP Employment Report.   Looking at the last data point in a vacuum suggests there’s trouble brewing for the economy. But the year-over-year trend suggests otherwise, which is encouraging. All the more so when you consider that the temporary effects of two hurricanes probably played a role in last month’s slowdown in hiring.
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Macro Briefing: 4 October 2017

US auto sales in September: best month so far in 2017: Detroit News
Major US stock indexes climb further into record territory: MarketWatch
Warren Buffett and BlackRock’s Larry Fink criticize Trump’s tax plan: Reuters
Spain’s Catalonia problem continues to deteriorate: Reuters
GDPNow estimate for Q3 GDP growth picks up to 2.7%: Atlanta Fed
Wall Street economists expect Q3 GDP growth of 2.6%: CNBC
Is the high CAPE level for US stocks a reason to worry? Maybe not: Bloomberg