ADP estimates of July payrolls indicated a surprise 9,000-job increase in private-sector jobs, according to the Wall Street Journal. Market participants are hoping the report will presage strength in an employment report due out Friday from the Labor Department. So far, says the paper, economists have forecast the report will show a decline of 50,000 jobs on nonfarm payrolls for June.
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About the Author
John Sullivan is the Editor in Chief of Investment Advisor magazine and the editor of the Retirement Channel for AdvisorOne. Sullivan is the former editor of Boomer Market Advisor and Bank Advisor magazines, and has a background in the insurance and investment industries in addition to his journalism roots.
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