ADP Showed Job Losses

The private sector lost 32K jobs in November according to ADP and that was worse than the 5K growth that was expected.

PRE-OPEN MARKET COMMENTS WEDNESDAY - During the government shutdown employment data was not collected. That is giving ADP more weighting than normal. Conditions have been weak and 32K job losses in the private sector should prompt the Fed to ease next week. Challenger will report planned layoffs tomorrow.

Daily Bulletin Continues...