The U.S. added 217,000 jobs in the private-sector according to data compiled by payroll possessor Automatic Data Processing ADP. Economists had expected a 165,000 increase. The better than anticipated result come ahead of the official payroll and unemployment data due out Friday.
Continued unrest in Libya, worries of turmoil spreading to other oil producing nations and strong demand from developing nations pushed benchmark Nymex crude-oil crossed the $100 a barrel barrier today.
"a better than expected jobs report from ADP weighed against worries about higher energy prices"
(Data is good, market goes up after big drop yesterday. )
Everything looks normal, we keep the same expectation as before. Cheers.
Wednesday, March 2, 2011
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