According to the ADP Employment Report, private sector payrolls contracted for the second month in a row in September. September’s payroll numbers fell well short of economists’ estimates. If the government payroll numbers mirror the ADP report, you can guarantee another ill-advised round of quantitative easing will begin at the Fed’s next policy meeting.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Is the Socialist Bent of the 2020 Presidential Race a Threat to Markets? - April 18, 2019
- Do You Want the Fed to Raise Prices? - April 17, 2019
- As Disney Moves to Consolidate Hulu, AT&T Prepares its Own Netlflix Competitor - April 16, 2019