Daily Archives: Jan 31, 2018 at 11:01 am EST

ADP: US Payrolls Post Healthy Rise In January

Corporate payrolls increased by a robust 234,000 in January, according to this morning’s ADP Employment Report. The gain is slightly below December’s 242,000, although both numbers point to a solid rate of expansion in the labor market. Taking today’s update at face value points to a better-than-expected advance in Friday’s official employment report that’s due from the Labor Department. The mystery is why the government’s data to date has been trailing ADP’s estimates by a comparatively wide margin. Will the upcoming report from Washington close the gap? Or has the ADP data been overestimating the strength of the economy’s record on minting new jobs?
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Macro Briefing: 31 January 2018

Trump links presidency to US prosperity in State of the Union speech: Bloomberg
Five key takeaways in Trump’s State of the Union speech: The Hill
Fed on track to leave rates unchanged in Yellen’s last meeting as chair: Reuters
N. Korea expected to parade missiles ahead of Winter Olympics in S. Korea: CNN
Is Amazon’s entry into healthcare space a step to reordering industry? Bloomberg 
US Consumer Confidence Index rises in Dec, close to 18-year high: CNBC
Case-Shiller index: US home prices rise 6.2% in Nov vs year-ago level: USA Today
Should int’l investors show more respect (fear) for forex risk? The Economist
Trump’s approval by state — West Virginia leads, Vermont lags: Gallup