ADP Report Shows Fewer Jobs Lost in February

The ADP Employment Report showed that the US lost 20,000 jobs in February, down significantly from the 60,000 lost in January. The result was inline with expectations.

The private payroll company’s report is seen as a harbinger of the US Non-Farm Payroll Report. The Non-Farm report is produced by the US Labor Department and is due Friday morning.

Source: Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.