A Lack Of Private Sector Job Growth Will Be A Problem This Summer!
The market is extremely resilient. This morning, it was able to shoulder a dismal ADP employment index. Analysts had expected job growth in the private sector to hit 24,000 and employers actually cut 23,000 jobs. This was a huge miss and for the fourth straight month, analysts have been wrong. Government stimulus has almost run its course and it is critical that we see job creation in the private sector. Corporations have trimmed the fat and they are reluctant to add overhead when the economic recovery is fragile. For the last week, analysts have been pounding their fists on the table …
March 31, 2010
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