ADP US January employment +107K vs +145K expected ...Middle East

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ADP US January employment +107K vs +145K expected
Prior was +164K (revised to +158K)The median change in annual pay:Job stayers 5.2% versus 5.4% last monthJob changers 7.2% versus 8.0% last monthI'm not sure anyone wants to bet the farm on ADP but if you take the last five months, there's a clear weakening trend to around 100K.Comment from ADP chief economist Nela Richardson:"Progress on inflation has brightened the economic picture despite a slowdown in hiring and pay. Wages adjusted for inflation have improved over the past six months, and the economy looks like it's headed toward a soft landing in the US and globally."The US dollar edged lower on the data but it's tough to really push it given the FOMC later. This art

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