From Reuters:
The S&P 500 and the Dow edged lower on Wednesday as data showed that private sector hiring fell far more than expected in April, sparking concerns that Friday's U.S. jobs report will also disappoint investors.
Private employers added 119,000 jobs in April, well short of the 177,000 expected, the ADP report showed. That sparked market rumors that Friday's payrolls data will show the economy added just 125,000 to 150,000 jobs last month, well below a Reuters consensus forecast of 170,000....
Link: http://www.reuters.com/article/2012/05/02/us-markets-stocks
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From WSJ.com:
Hiring Data Reinforce View That Job Market Has Cooled
A gauge of private-sector hiring showed weakness in April, the latest data to suggest the labor market has cooled a bit from its healthy early-year pace.
The U.S. added 119,000 nonfarm private-sector jobs last month, the slowest pace since September, according to a report Wednesday by payroll giant Automatic Data Processing Inc. and forecasting firm Macroeconomic Advisers.
Link: http://online.wsj.com/article/SB10001424052702304743704577379702035789484.html
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