US August ADP new job additions unexpectedly dropped to 99,000, hitting the lowest level in a year
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In August, the ADP employment in the United States increased by 99,000, hitting the lowest record since October 2023, significantly below the expected 145,000 and the previous value of 122,000
Data released on September 5th showed that the US ADP employment increased by 99,000 in August, hitting the lowest record since October 2023, significantly below the expected 145,000 and the previous value of 122,000.
After the data was released, US Treasury bond yields plunged in the short term, with the 2-year bond yield down more than 2 basis points to 3.735%; the 10-year bond yield down more than 1 basis point to 3.744%; the US dollar index fell in the short term, dropping 0.23% intraday.
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