Analysis: ADP continues to rise, and the Federal Reserve may be more inclined to keep interest rates unchanged or consider a rate hike.

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Odaily Planet Daily reported that, according to an analysis by an investinglive finance website analyst in the United States on ADP data, after a stretch of weakness, the data has shown acceptable performance for two consecutive rounds. Although the addition of 62,000 jobs is not exactly strong, it has, to a certain extent, eased the pressure on the Federal Reserve’s employment goal and made it more inclined to keep interest rates unchanged or consider further rate hikes. Meanwhile, employment growth for small businesses has also improved. The report’s downside is that of the 62,000 new jobs, 58,000 came from the education and healthcare services industries. The construction sector added 30,000 jobs, while trade/transportation/utilities decreased by 58,000 jobs, and manufacturing decreased by 11,000 jobs. (Jin10)

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