1 Oct 2020 September Payrolls Look a Bit Better After ADP, October Seems Weak

Ian Shepherdson (Chief Economist and Founder)30th Sep 2020 20:20U.S., Economic Monitor

We're happy that ADP beat our forecast yesterday-- an extra 250K jobs doesn't change the world, but it's better than the opposite--and we're lifting our forecast for tomorrow's payroll numbers in response.

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adp autos base effects clothing core pce core pce deflator economic growth economy employees growth ism ism manufacturing jobless claims jobs July labor labor market lodging manufacturing May October payroll payroll numbers payrolls pce private payroll private payrolls remain trade u.s. unemployment us weekly jobless claims

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