Private-sector employment continued to rise at a moderate pace in September, according to this morning’s ADP Employment Report. Last month’s 213,000 increase in jobs (seasonally adjusted) was slightly higher than the consensus forecast, but generally in line with the pace of growth in recent months. In fact, once you consider the year-over-year trend—payrolls advanced 2.2% last month vs. the year-earlier level—today’s release looks a lot like the August report. In other words, the economy continues to create jobs at a steady rate in the low-2% range.
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Daily Archives: October 1, 2014
Major Asset Classes | Sep 2014 | Performance Review
September was a complete rout. All the major asset classes suffered losses last month—the first calendar month of across-the-board red ink since June 2013.
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