Articles by Catherine Ashworth
Where October’s private-sector jobs were added
ADP counted gains in logistics-related services alongside losses in business support. The industry breakdown gives the national total needed context.
Paychecks are growing unevenly across the consumer economy
Higher base pay and higher gross earnings support different spending decisions. ADP’s latest report adds an income-quality check to October’s confidence rebound.
Wage commitments and tighter credit: the cash-flow squeeze
Existing pay agreements limit how quickly some borrowers can adjust costs. The ECB tracker also shows where forward contract coverage remains incomplete.
Input costs stay elevated as the next CPI report approaches
The services purchasing survey records widespread input-price increases. Margins, customer pricing and product mix offer distinct routes from those costs to household budgets.
Global growth, viewed through working capital
New services and wage evidence adds a balance-sheet perspective to the IMF forecast. Continuing activity does not reveal how much cash flexibility firms retain.

