Organization: ADP data has shown a decent rebound
Forexlive analyst Adam Button stated that, judging from the poor data in February, the US ADP data for March was a decent rebound. There is no evidence to suggest that layoffs were caused by policy uncertainty (at least outside of government), and with this rebound, there isn't much evidence to indicate insufficient hiring either. Business sentiment is low, so this situation may change, but the mismatch between hard and soft data continues.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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