Crypto Market Snoozes Through ADP Payroll Shocker

Crypto Market Snoozes Through ADP Payroll Shocker
This morning’s ADP jobs report for January missed expectations by a mile, showing a job loss of 301,000 vs. expectations for a gain of 200,000.The Omicron variant is shouldering the blame after the ADP reported the first negative jobs print since December 2020. The loss of 301,000 jobs in January compares to economist expectations for a gain of 200,000, and is a particularly massive turnaround from December’s 776,000 gain.The leisure and hospitality industries accounted for more than half of January’s job losses, posting a decline of 154,000.Stock, bond, and crypto prices aren’t really responding, however, as the White House has…