Opinions Uncensored

Wednesday: Trade Deficit, ADP Employment, ISM non-Manufacturing

Wednesday:• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 8:15 AM, the ADP Employment Report for April. This report is for private payrolls only (no government). The consensus is for 193,000 payroll jobs added in...

ADP: Private Employment increased 156,000 in April

Private sector employment increased by 156,000 jobs from March to April according to the April ADP National Employment Report®. ... The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
Goods-producing employment dropped by 11,000 jobs in April, down from a downwardly revised 5,000 in March. The construction...

Trade Deficit decreased in March to $40.4 Billion

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $40.4 billion in March, down $6.5 billion from $47.0 billion in February, revised. March exports were $176.6 billion, $1.5 billion less than February exports. March imports were $217.1 billion, $8.1 billion less than February imports.
The trade deficit was smaller than the consensus forecast of $41.4 billion...

ISM Non-Manufacturing Index increased to 55.7% in April

The April ISM Non-manufacturing index was at 55.7%, up from 54.5% in March. The employment index increased in April to 53.0%, up from 50.3% in March. Note: Above 50 indicates expansion, below 50 contraction. From the Institute for Supply Management:April 2016 Non-Manufacturing ISM Report On...

Preview of April Employment Report

On Friday at 8:30 AM ET, the BLS will release the employment report for April. The consensus, according to Bloomberg, is for an increase of 200,000 non-farm payroll jobs in April (with a range of estimates between 175,000 to 245,000, and for the unemployment rate to decline to 4.9%.The BLS...