ADP employment data improves, signs of a clear rebound in hiring emerge in November

【BiTi】ADP’s latest weekly employment data is out. As of the four weeks ending November 29, private sector employers added an average of 16,250 jobs per week — which seems quite substantial. More importantly, the data for the second half of November continued to strengthen. What does this mean? The market is expecting a potential rebound in hiring.

In simple terms, the employment market still has vitality. Although there have been some fluctuations recently, the latest employment data indeed shows signs of warming. For macroeconomic trends and asset price fluctuations, such employment signals are worth paying attention to — they reflect the health of the real economy and will influence future policy expectations and investor confidence.