Excerpt from: US Markets
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| March 31, 2010 | | Spread betting and contracts for differences on U.S. markets | Automatic Data Processing releases employment data weekly, usually ahead of the "official" data from the U.S. government. Today, ADP reports that the U.S. economy continues to shed jobs. Spread bets and CFDs should consider that employers in the U.S. cut 23,000 jobs in March, according to ADP.
However, there is a silver lining in this. This is the lowest drop in jobs since February of 2008. However, even with that silver lining, the data is still disappointing, since some had expected a gain of 40,000 jobs for the economy. The job market still remains somewhat stagnant.
The issue underlines a continuing struggle for the U.S. economy: jobs recovery. Employment remains a challenge for the U.S. economy. However, there has been small improvement. But, for today, U.S. markets are likely to be limited by this disappointment.
| Topic Tags: CFDs, contracts for differences, employment data, spread bets, spread betting, U.S. markets | |
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