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U.S. June ADP employment down 473,000

Companies in the U.S. private sector shed 473,000 jobs in June, according to the ADP employment report released Wednesday. The report comes one day before the Labor Department reports on nonfarm payroll growth for June. The decline in employment was close to the consensus forecast of Wall Street economists of a decline of 498,000. Over the past three months, monthly employment losses have averaged 492,000. This is an improvement over the 691,000 jobs monthly job losses averaged in the first quarter.

Economists expect the Labor Department to report that companies shed 325,000 in June and an increase in the unemployment rate to 9.6%
 
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U.S. June ADP employment down 473,000

Companies in the U.S. private sector shed 473,000 jobs in June, according to the ADP employment report released Wednesday. The report comes one day before the Labor Department reports on nonfarm payroll growth for June. The decline in employment was close to the consensus forecast of Wall Street economists of a decline of 498,000. Over the past three months, monthly employment losses have averaged 492,000. This is an improvement over the 691,000 jobs monthly job losses averaged in the first quarter.

Economists expect the Labor Department to report that companies shed 325,000 in June and an increase in the unemployment rate to 9.6% [/QUOTE

Hi IV any idea what the API stat was yesterday and whats ur outlook for todays data
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Oil futures pared some of their strong gains, but remained higher on Wednesday after the Energy Information Administration reported that crude supplies decreased by 3.7 million barrels last week. Analysts expected a decline of 2.2 million barrels in crude stockpiles, according to a Platts survey.

The EIA also reported an increase of 2.3 million barrels in gasoline inventories and a build of 2.9 million barrels in distillate supplies. Analysts projected increases of 2.1 million barrels for gasoline and 1.4 million barrels for distillates, according to the Platts survey.

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API number was 6.8 mil draw
 
i just bought real heavy at 70.20. With positive equities and euro at 1.4150 and the fact that a long weekend is coming 73 plus is a definite possibility today or tomorrow
 
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i just bought real heavy at 70.20. With positive equities and euro at 1.4150 and the fact that a long weekend is coming 73 plus is a definite possibility today or tomorrow
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what is your threshold for pain?
 
We had a larger than expected draw down today, and the eur/usd spiked way up, stocks are up, but oil is chugging lower. something is not right here.
 
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