Wednesday, August 31, 2011

ADP Employment Rises 91,000 in August

This chart illustrates the most recent ADP employment report released today showing an increase of 91,000 private-sector payrolls in August. These numbers suggest a recent trend of modest employment growth. Markets use this report as a gauge on the U.S. government's job estimate which will be released on Friday and could impact Mortgage Rates. Generally, a stronger than expected jobs number will mean an increase in rates.


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