More conflicting opinions out today. Stocks rallied yesterday on investor hopes that the current slowdown will spark a slew of stimulus packages and bailouts around the world to grease the wheels of international currency flow. However, private analysts and Fed Governors alike have spoken out this morning about a decreased risk of a global recession. Perhaps they too are already calculating in a little help from friends?
Ahead of Friday’s Bureau of Labor Statistics (BLS) Jobs Report, the ADP Report out this morning shows 214,000 new jobs were created last month. That’s 24,000 more than expected, and 22,000 more than last month’s total. The BLS report is also anticipating 190,000 new jobs reported, which would be an improvement of 47,000 over February’s calculation.