Economic Calendar: ADP Employment, which measures job creation among private U.S. businesses, grew by 208,000 in September, versus consensus estimates of 200,000, and a 12% increase over the 185,000 jobs created in August. According to the report, annual pay increased 7.8% for workers who stayed at their jobs, while wages for job changers increased 15.7%. The news, which showed a still-hot jobs market, indicated that the economy is not slowing as much as inflation hawks had hoped to see.
