non-farm payrolls data, which will be released Friday. The ADP report is a precursor to the official August U.S. 'That's likely a good thing for the markets though as it means easy money policy continues.' 'With so much pressure on improvement on the labor market front coming from the Fed, this could send a signal that jobs growth is stagnating,' said Mike Loewengart, managing director of investment strategy at E-Trade.
That was well below the Dow Jones estimate of 600,000. companies created far fewer jobs than expected in August, with private payrolls rising just 374,000, according to payroll services firm ADP.
