Private Employment Data
Challenger Job Cuts

Layoffs: Prior=48,711 Act=32,004

ADP Hiring 

Hiring Prior=+92,000  Act=+297,000

Both of these private employment forecast are calling for improvement in the jobs picture.

The ADP number was the biggest surprise. Most analysts are looking for non-farm payroll jobs to be up 140,000 in Fridays "Employment Situation Report." However, it should be noted that last month ADP called for a 92,000 new jobs, while the government reported only 39,000 new jobs

ISM Services Index

ISM Prior=55 Est=56 Act= 57.1

(Click for ISM Data)

Good news/Bad news: New orders and business activity components are at the highest point in this recovery. The jobs outlook is remaining flat.


EIA Weekly Petroleum Supplies (Click to go to EIA.gov)

(Click for Data Summary)

The report was more negative than positive: Product supplies increased more than expected and energy demand fell 7.8 (bearish) while crude supplies fell more that forecast. But improving economic readings and a technical correction of yesterday's sharp 2.4% selloff caused energy prices to close higher.