ADP says private employers added 90,000 jobs in September, beating expectations.
But that comes immediately after weaker job-opening data and a huge drop in consumer confidence.
So which report should you believe?
The bigger picture is that the labor market continues to send mixed signals. ADP is also different from the government's official employment report, which arrives Friday.
Don't make an economic prediction from one number. Watch the trend.
Have questions about buying, refinancing, or tracking your mortgage rate in California?
Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.
Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate #JobsReport #ADP #Economy #FederalReserve #MortgageRates
