This is an unusual month because, due to a strange calendar in February, the monthly employment situation report by the U.S. Labor Department did not come on the first Friday of the month. This Friday will mark the key Unemployment Report from the Labor Department and we have many economic releases which will act as telegraphs ahead of that formal release. We have the formal estimates for the Employment Situation at the end because there are so many economic releases which investors and traders use as a harbinger for each month’s report.
Today’s ISM report for the non-manufacturing segment rose to the highest reading in a year to 56.0, but the employment component was fell marginally to 57.2 in February from 57.5 in January.
On Wednesday morning around 8:15 a.m. we will get to see the ADP Employment Report for February. The consensus is 173,000 in new private sector payrolls…
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