• ADP Non-Farm Employment Change:
o 99K: This is the actual number for the change in employment last month, showing that 99,000 jobs were created in the non-farm sector.
o 144K: This is the forecast (expected) number for this month. Analysts were predicting that 144,000 jobs were created.
o 111K: This is the previous month's number (adjusted if necessary), showing that 111,000 jobs were created in the non-farm sector.
• Unemployment Claims:
o 227K: This is the actual number for unemployment claims last week, showing that 227,000 new people filed for benefits.
o 231K: This is the forecast number for unemployment claims. Analysts expect 231,000 new claims.
o 232K: This is the previous week's figure (adjusted), showing 232,000 unemployment claims.
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The lower number of jobs shows that unemployment is still high this August, the economic recession has caused businesses to cut jobs a lot. This makes the CPI index decrease sharply, meaning that inflation will increase. Then tomorrow's non-farm payroll report will decide how much interest rates will be cut at the FOMC meeting on 18-19!