ADP Says US Companies Cut 20000 Jobs in February

Release Date 3 Mar, 2010 in BusinessWeek

 
   

ADP Says US Companies Cut 20000 Jobs in February

BusinessWeek - Timothy R. Homan - 3 Mar, 2010
March 3 (Bloomberg) -- US companies in February cut the fewest jobs in two years, according to data from a private report based on payrolls. The 20000 decline was in line with forecasts and followed a revised 60000 drop the prior ...

Private employers shed fewer jobs in February

Washington Post - Caroline Valetkevitch, Leah Schnurr - 3 Mar, 2010
NEW YORK (Reuters) - Jobs shed by US private employers in February dropped from the prior month, while US firms' planned layoffs fell to the lowest since 2006, suggesting the job market may be starting to recover. Private employers cut 20000 jobs in ...

Private sector sheds 20000 jobs, ADP says

MarketWatch - Rex Nutting - 3 Mar, 2010
WASHINGTON (MarketWatch) -- Private-sector firms in the US eliminated 20000 jobs in February, the 25th decline in a row, according to the ADP employment report released Wednesday. It was the fewest jobs lost since 22000 jobs ...

Stocks Climb On Jobs Data

Forbes - Miriam Marcus - 3 Mar, 2010
ADP says private sector payrolls showed slimmer decline in February, raising hopes for government report Friday. US stocks edged moderately higher Wednesday morning as Wall Street digested monthly jobs data and corporate earnings reports. ...

Job Loss Lowest in Two Years: ADP

TheStreet.com - Sung Moss - 3 Mar, 2010
NEW YORK (TheStreet) -- Amid a struggling jobs market, two separate readings released Wednesday offered some glimmers of hope ahead of Friday's highly anticipated government jobs report. ...

ADP Jobs Data Shows Private Sector Lost Jobs in February

BloggingStocks (blog) - Mark Fightmaster - 3 Mar, 2010
Earlier Wednesday morning, Challenger, Gray & Christmas reported that US job cuts dropped in February to the lowest level in 3.5 years. This slowing continues the trend of shrinking job cuts since last January. Later, ADP reported what was expected: ...

ADP: Private Sector Sheds 20000 Jobs

Wall Street Journal - Kathleen Madigan - 3 Mar, 2010
Private payrolls fell less than expected in February and layoff announcements dropped to their lowest level since 2006, according to data released Wednesday. Private-sector jobs in the US fell 20000 in February, according to a ...

Treasurys Pull Back After ADP

Wall Street Journal - Deborah Lynn Blumberg - 3 Mar, 2010
NEW YORKâ€"Treasury prices edged a bit lower after a better-than-expected report on the US labor market, which encouraged some investors to step away from low-risk Treasurys. Private sector jobs in the US fell by 20000 in ...

Private sector sheds 20000 jobs, ADP says

MarketWatch - 3 Mar, 2010
By MarketWatch Private-sector firms in the US eliminate 20000 jobs in February, the 25th decline in a row, according to the ADP employment report. See full story. While sporadic strikes may indicate otherwise, public opinion polls show that most Greeks ...

Job cuts slow

CNNMoney.com - Jessica Dickler, Hibah Yousuf - 3 Mar, 2010
NEW YORK (CNNMoney.com) -- The pace of US job cuts continued to slow last month, according to two reports released Wednesday. Automatic Data Processing (ADP, Fortune 500), a payroll-processing firm, said private-sector employers cut 20000 jobs in ...

ADP says job losses slowed in February

UPI.com - 3 Mar, 2010
ROSELAND, NJ, March 3 (UPI) -- Payroll firm Automatic Data Processing said Wednesday US private sector job losses in February slowed to the lowest number in two years. ADP said 20000 non-farm jobs were lost in January to February, continuing a trend of ...

US Private Sector Sheds 20000 Jobs in February

IndustryWeek - 3 Mar, 2010
By . Agence France-Presse February's job reduction of 20000, was the smallest number of jobs in two years in February, the ADP National Employment Report reported on March 3. ADP revised sharply higher its January number of job losses to 60000, ...

Market Report -- Story Stocks ()

MSN Money - 3 Mar, 2010
The ADP Employment Report predicted payrolls declined by 20000 in February after falling a downwardly revised 60000 in January. The drop in payrolls was the smallest decline since February 2008. There is a strong caveat to this month's data. ...

Amid Snow ADP, Challenger Reports May Provide Clearer Jobs Picture

Wall Street Journal (blog) - Phil Izzo - 3 Mar, 2010
Two jobs reports out today may give a better picture of the labor market than Friday's official government numbers, which are expected to be skewed substantially by February snow storms. The reports paint a picture of a labor market that ...

Job Cuts Ease in February

DailyFinance - Joseph Lazzaro - 3 Mar, 2010
The private sector cut just 20000 jobs in February, according to Wednesday's ADP National Employment Report. This represents the lowest monthly job loss total since employment started falling in ...

US job losses in February at lowest for two years

Times Online - Alexandra Frean - 3 Mar, 2010
Fewer Americans lost their jobs in February than at any time in the past two years since the employment rate started to fall, new data shows. Estimates from the National Employment Report from Automatic Data Processing (ADP), the data provider, ...

Employment Declines See Smallest Rise in Two Years

KARK - 3 Mar, 2010
The new ADP National Employment Report shows February's drop in non-farm private employment was 20-thousand. That's the smallest monthly decline since employment across the US began falling two years ago. The report estimates the number of people ...

MBS OPEN: ADP On The Screws. Bonds Weaker

MortgageNewsDaily.com (blog) - Adam Quinones - 3 Mar, 2010
by Adam Quinones Good Morning. Today is the NHL trade deadline. My CAPS need a stellar blue-liner to boost cup hopes. Come on McPhee...make a move! Basically the Greeks need to show EU officials some legitimate progress on budget reform before ...

ADP reports private sector employment decreased by 20000 in February

MLive.com - Jackie Headapohl - 3 Mar, 2010
The report estimates nonfarm private employment in the service-providing sector increased by 17000, the second consecutive monthly increase. However, this employment growth was not enough to offset continued losses in the ...

US: ADP reports smallest job loss since beginning of recession

NASDAQ - 3 Mar, 2010
FXstreet.com (Barcelona) - The US lost 20000 jobs in February versus January's destruction of 60000 jobs, which was revised down from the 22000 jobs eliminated originally reported, according to the ADP employment report. February's decline is the ...

ADP National Employment Report Shows U.S. Employment Decreased by 20000 ...

MarketWatch (press release) - 3 Mar, 2010
ROSELAND, NJ, Mar 03, 2010 (MARKETWIRE via COMTEX) -- According to today's ADP National Employment Report(R), private sector employment decreased by 20000 in February. The ADP National Employment Report, created by Automatic Data Processing, ...

Treasuries lower, ADP revives risk

NASDAQ - 3 Mar, 2010
FXstreet.com (London) - US treasuries were low in trading today as US jobs data, ADP employment statistics, revealed that the employment horizon actually improved on a month on month basis. This has boosted market sentiment, and players will now be ...

Private employers cut 20000 jobs in February

Total Buzz (blog) - 3 Mar, 2010
Private, non-farm businesses cut 20000 jobs in February, the lowest employment decline in two years, according to ADP, the nation's largest payroll service. The ADP report, produced by Macroeconomic Advisers LLC, is little impacted by the widespread ...

ADP shows US job cuts falling to 2-year low

Financial Times - Alan Rappeport - 3 Mar, 2010
US businesses cut jobs at the slowest rate in two years in February, offering hope that the economy could soon begin adding workers, while the services sector continued to expand. Private companies shed 20000 workers in ...

ADP: US firms shed 20000 jobs in February

Forex Pros - 3 Mar, 2010
Forex Pros - US private sector firms shed a seasonally adjusted 20000 non-farm jobs in February, more than economists had expected, payroll giant Automated Data Processing Inc. said on Wednesday. The decline followed a 60000 drop the prior month, ...

More of the Same: A Slowdown in Job Losses

Wall Street Pit (blog) - James Picerno - 3 Mar, 2010
By James Picerno|Mar 3, 2010, 10:06 AM|Author's Website Two new private-sector reviews of last month's labor market show that the economy is still shedding jobs. The only good news is that the rate of loss continues to slow. ...

Understanding Unemployment Trends

NASDAQ - John Jagerson - 3 Mar, 2010
The monthly labor reports are important to understand but can be a little misleading when viewed from a single data point. by John Jagerson, Analyst for Learning Markets For traders that are unsure about the difference between ADP, NFP, BLS and a whole ...

20k private sector jobs shed

Straits Times - 3 Mar, 2010
Though the economy posted growth in the second half of 2009, snapping a year of contraction, the troubled labour market poses a major challenge to a sustained recovery. -- PHOTO: AP WASHINGTON - THE US private sector shed the smallest number of jobs in ...

ADP Report Shows Fewer Jobs Lost in February

OANDA Forex (blog) - Scott Boyd - 3 Mar, 2010
The ADP Employment Report showed that the US lost 20000 jobs in February, down significantly from the 60000 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 ...

Wall St Pre Market Flat Open Expected

Live Trading News - 3 Mar, 2010
Futures are trading flat to lower in the pre market today as investors awaited data on the labor market for clues ahead of a critical employment report and Greece took steps to meet fiscal targets. The Jobs data just released stated: ADP is calling for ...

 

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