US Private Payrolls Rise by 90,000 in September, Signaling a Still-Resilient Labour Market
US private employers added 90,000 jobs in September, according to ADP, a reading that came in above market expectations and reinforced the view that the labour market remains resilient despite higher borrowing costs and a slower economic backdrop. The report is likely to keep pressure on Federal Reserve policymakers as investors reassess the timing and scale of any future rate cuts.
