Coming in ahead of the unemployment figure for September, which will be released on Friday, and tomorrow’s weekly first-time-claims number, the ADP jobs report might be some sort of harbinger. In the case of today’s number, a happy one, as Paul Davidson of USA Today reports:
Private employers added 213,000 jobs in September, payroll processor ADP said Wednesday, possibly signaling that the government’s closely watched report this Friday will show a rebound in employment growth
But, then, yesterday’s consumer confidence number was not so encouraging. As Danielle Trubow of Bloomberg reports:
Confidence among U.S. consumers unexpectedly declined in September to a four-month low as Americans’ views of the labor market deteriorated.
Furthermore:
Another report today showed home prices rose in the 12 months ended in July at the slowest pace in almost two years.
The road to recovery continues to be uncertain and rocky.
