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.
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Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. CNBC has ranked Richard C. Young & Co., Ltd. as one of the Top 100 Financial Advisors in the nation (2019-2022) Disclosure. Jeremy is also a contributing editor of youngresearch.com.
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