LamontyTrades

ADP Jobs Report Strong for Continued Employment

Long
ECONOMICS:USEC   United States ADP Employment Change
Strong ADP jobs report showing 807K jobs vs 400K expectations.

The main jobs report is on Friday (1/7//22), and I expect us to beat the 400K expectations and report ~570K jobs.

Hopefully Omicron doesn't make the return of employment drag out more.

Rolling 2Y correlation between the two around 70% after normalizing for COVID volatility in 2020.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.