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U.S. Stock Futures Lower as Investors Await ADP Employment Report

Posted Jan 5th 2011 8:30AM by Jason Raznick (RSS feed)
Filed under: Before the Bell, International Markets, Economic Data, Currency

U.S. stock futures are lower Wednesday morning as investors await the latest ADP jobs data. Futures on the Dow Jones Industrial Average fell 59 points to 11,560 and S&P 500 futures dropped 8.10 points to 1,257.20. Futures for the Nasdaq 100 index fell 13 points at 2,232.50.

U.S. stock markets closed mixed yesterday, with the Dow gaining 0.18%, the Nasdaq Composite losing 0.38% and S&P 500 dropping 0.13%.

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U.S. private sector cut just 8,000 jobs in September

Posted Oct 1st 2008 12:45PM by Joseph Lazzaro (RSS feed)
Filed under: Employees, Economic Data, Recession

Non-farm private employment decreased a modest 8,000 in September on a seasonally adjusted basis, ADP announced Wednesday in the ADP National Employment Report (pdf).

Meanwhile, the estimated change in employment for August was revised to a decrease of 37,000 from the previously-announced decreased of 33,000 jobs, ADP said.

The service sector of the economy added 64,000 jobs, while employment in the goods-producing sector declined 72,000, its 22nd consecutive monthly decline. Manufacturing employment fell 48,000 in September, its 25th consecutive monthly decline.

Don't read too much into ADP data

Economist Richard Felson said the September ADP private sector report was modest good news, in that it was benign. "We can't project or read too much into the ADP data because it is just a segment of the job market, but at least the job loss numbers were not large," Felson said.

Continue reading U.S. private sector cut just 8,000 jobs in September