- ADP reports private payrolls rose 109K in April, up from 61K in March and well above expectations, signaling labor market strength.
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- The New York Fed found lower-income consumers are cutting spending to offset higher gas prices. Wealthier households have changed habits little.
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- The JOLTS report shows a 3.5% growth in the hiring rate for March, the best since May 2024. The rate had fallen near pandemic levels in February.
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