The Economy: The ADP National Employment Report is released the Wednesday before the payroll report. The ADP is a monthly economic data release on non-farm private employment in the U.S. Today's data was lower than expected, signaling to the markets the labor market may be cooling as growth slows. Friday we get the release of the nonfarm payrolls report (NFP) report which is a monthly employment report that represents the total number of paid U.S. workers. It plunged last month so market participants will be watching this closely. Due to its importance, the payrolls release moves the bond market, dollar and stock market. |
