Analysis: ADP data will make the Federal Reserve more inclined to keep interest rates unchanged or raise them, as employment target pressures are alleviated.

Mars Finance reports that on April 1, an analyst from the U.S. financial website investinglive stated that, after a period of weakness, the ADP data has performed reasonably well for two consecutive months. The addition of 62,000 jobs is not particularly strong, but it has somewhat alleviated the pressure on the Federal Reserve’s employment target and makes it more likely to keep interest rates steady or consider a rate hike. Meanwhile, employment growth in small businesses has also improved. The negative aspect of the report is that out of the 62,000 new jobs, 58,000 came from the education and healthcare services industry. The construction industry added 30,000 jobs, while trade, transportation, and utilities decreased by 58,000 jobs, and manufacturing declined by 11,000 jobs.