U.S. private sector employment increased a seasonally adjusted 166k in September, ADP reports. This follows downward revised readings of 159k new jobs in August and 161k new jobs in July.
With the government shutdown, this may be the only employment report this week, and it isn’t a positive reading, especially with the negative revisions to prior months.
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Blue Mountain Credit Alternatives Fund was up 0.36% for November, although the fund remains well into the red for the year. For the first 11 months, the fund was down 24.85% gross. Q3 2020 hedge fund letters, conferences and more Blue Mountain's fundamental credit strategy was up 0.63% for November, including a 1.09% gain for Read More
Total nonfarm employment by company size indexed to 2008 shows that small businesses are still leading the way.
ADP surveys suggest that most of the jobs gains in September came in the Trade/Transportation/Utilities industries.
The full infographic from the release: