Soft US Job Figures


The ADP survey comes ahead of Friday's official nonfarm payrolls figures for March, an indicator that often sets the market tone for a week or two. This time the payrolls figures could have an even bigger bearing as investors try and work out when the Federal Reserve will start withdrawing its economic stimulus.
"Not that this is a good measure of the actual payroll report but the ADP will keep the bulls from boosting their payroll estimates between now and Friday," said Steven Ricchiuto, chief economist at Mizuho Securities.
-Quotes taken from News Yahoo Finance

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