Leisure & hospitality added the most jobs. Stocks like DAL & CCL have been on a bull run lately, but large companies like these actually "shed" 8k jobs, source zacks however it's still relevant that if the sector is hiring, then those stocks will be bullish.
Small companies added the most jobs with +299k, medium +183k; not sure why ADP break up these numbers by company sizes because there's a missing 15k jobs (their sector numbers add up correctly to 497k).. (cross reference to the actual ADP report here).
Manufacturing & IT lost the most jobs.
From the ADP report:
Change in U.S. Private Employment: 497,000
Change by Industry Sector
- Goods-producing: 124,000
- Natural resources/mining 69,000
- Construction 97,000
- Manufacturing -42,000
- Natural resources/mining 69,000
- Service-providing: 373,000
- Trade/transportation/utilities 90,000
- Information -30,000
- Financial activities -16,000
- Professional/business services -5,000
- Education/health services 74,000
- Leisure/hospitality 232,000
- Other services 28,000
- Trade/transportation/utilities 90,000
[link] [comments] https://www.reddit.com/r/stocks/comments/14sd4ul/adp_jobs_report_blowout_497k_vs_220k_expected/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
