Private sector job gains and the Fed's next move
Payroll processing company ADP reports 135,000 private sector jobs were added last month, falling below analyst expectations. Will the weak numbers cause the Fed to stick to stimulus?
Payroll processing company ADP reported this morning that 135,000 private sector jobs were added last month. The latest figures, which come just two days before the official monthly jobs report from the Labor Department, fall below analyst expectations.
Mark Luschini, chief investment strategist at Janney Montgomery Scott, joins Marketplace Morning Report host David Brancaccio to explain the dip in job gains and what it means for the Federal Reserve's stimulus policy.