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S&P Credit Research656 word report
published Nov 04, 2009
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S&P Credit Research
| Abstract: | ADP private payrolls fell 203,000 in October after losing 227,000 jobs in September (revised from a previously reported 254,000 decline). It was a bit worse than the 190,000 drop expected by markets. The goods-producing sector lost 117,000 jobs, with 65,000 jobs lost in manufacturing. The services sector lost 86,000 jobs. The report revealed a few more lost jobs than expected, which will weigh on markets somewhat. But the Federal Open Markets Committee (FOMC) announcement this afternoon will likely keep markets relatively quiet until the statement is released.
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| Brief Excerpt: | You are not entitled to view this Article. For technical support, please contact your help desk. Published by Standard & Poor's Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. Executive and Editorial offices:...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
