The Latest Breaking News from ADP

Tentative signs have begun to emerge that the U.S. economy is cooling in a way that would be welcomed by the Federal Reserve’s inflation fighters: Companies are posting fewer available jobs, consumer spending has slipped and wage growth, while still healthy, is gradually slowing

More signs of a cooling labor market boosted bets for a September rate reduction from the Fed.

April’s figure was lower than forecast and unemployment rate ticked up over the month but still market remains strong

The S&P 500 Index ($SPX ) (SPY ) is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.47%. The FOMC was released this afternoon . Chairman Jerome Powell announced no change in the...

The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.31%. US stock indexes this morning are mixed. The broader market is under pressure...

Hiring in the US private sector cooled in April but job growth was still higher than anticipated, boosted by the services sector, payroll firm ADP said Wednesday.

US private sector added 192,000 jobs in April, with widespread job gains across industries.

US private sector hiring came in well above expectations last month, payroll firm ADP said Wednesday, with construction, financial services and manufacturing all contributing to the increase.

June S&P 500 E-Mini futures (ESM24) are trending down -0.15% this morning as uncertainty over the Federal Reserve’s plans to cut interest rates continued to stifle market sentiment, with investors’ focus now shifting to remarks by Fed Chair Jerome Powell and ADP National Employment numbers due later in the day.