(Reuters) – The private sector in the United States, against all odds, destroys jobs in September, shows Wednesday the monthly investigation of the ADP.
The survey identified a destruction of 32,000 jobs last month, against -3,000 in August (revised of 54,000 postal creations), while the economists questioned by Reuters provided an average of 50,000 job creations.
After the publication of the statistics followed by ADP, the term contracts at Wall Street accentuated the expected decline in the markets for the opening. They suggest a drop of 0.28% on the Dow Jones, 0.40% for Standard & Poor’s 500 and 0.48% for the Nasdaq.
The dollar fell 0.9% against a basket of international currencies, also accentuating its losses.
The yield of American treasury bills at ten years, which was stable before the publication of the ADP survey, sold 4.4 base points, to 4.10%, while the 30 -year -old is displayed at 4.70%, with a decline of 3.3 basic points, and that to two years, more sensitive, to 3.54%, down 5.5 points of base.
The publication of the results of the ADP survey usually precedes the publication on Friday of the official report on the employment of the Labor Department. The paralysis of American public administrations with the “Shutdown” however threatens to delay the publication of this key data, considered crucial for the decisions of monetary policy of the American Federal Reserve (Fed).
(Written by Claude Chendjou, edited by Kate Entringer)
Copyright © 2025 Thomson Reuters
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
