Analysis: ADP data will make the Fed more inclined to hold rates steady or raise them, easing pressure on the employment target

BlockBeats News, April 1st, the US financial website investinglive analyst on ADP data said that after a period of weakness, the data has shown decent performance for two consecutive times. The addition of 62,000 jobs, while not strong, has somewhat eased the pressure on the Federal Reserve's employment target, making it more inclined to maintain interest rates or consider a rate hike. At the same time, job growth in small businesses has also improved. The downside of the report is that out of the 62,000 new jobs, 58,000 are from the education and healthcare services industry. The construction industry added 30,000 jobs, while the trade/transportation/utilities sector lost 58,000 jobs, and the manufacturing sector lost 11,000 jobs.