On Wednesday, two jobs related reports continued to show a labor market on the mend. The Christmas, Challenger and Grey report showed corporation layoff counts fell sizably in August, to 76,456 versus July’s 97,373.
The more closely watched ADP employment report also showed improvement on Wednesday. And Tuesday, the ISM manufacturing report also showed employment improvement for 4 months in a row.
More employment reports (including new jobless claims and overall unemployment) are on the way Thursday and Friday. Don’t be surprised if they also point to an improving jobs climate.
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