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According to the latest
ADP employment report, U.S. nonfarm private payrolls increased 119,000 for the
March to April period. Economists on Wall Street were looking for an increase
of 170,000. Additionally, the March numbers were revised downwards to 201,000
from 209,000. Investors will be watching
very closely at the government numbers due out on Friday. Economists expect Nonfarm payrolls to come in
at 162,000, Nonfarm private payrolls to come in at 167,000 and the unemployment
rate to stay unchanged at 8.2%.
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