Important US economic data continues to roll in

Jay Soloff

Argonath Financial

Important US economic data continues to roll in. Today brought us a new ADP jobs report and the ISM non-manufacturing index. ADP showed private payrolls increasing by 175,000, lower than the 185,000 median projection. Overall, it's not a bad number, although it's considerably less than the 227,000 jobs gained in December. On the other hand, the ISM non-manufacturing index increased from 53 to 54 from last month and beat expectations (53.7). Because services are such an integral part of the US economy, this positive ISM surprise is very good news for the economy. It's actually interesting to see how much emphasis the market can place on manufacturing results considering it's such a small part of the US economic in relation to services. Bottom line, the economy isn't in great shape, but it's a long way from looking recessionary. (VIEW LINK) (VIEW LINK)

3 topics

Jay Soloff
Research Analyst
Argonath Financial

I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.