by ray
Last month, more than the 350,000 expected by most analysts, in a report foreshadowing Friday's official unemployment data.
The ADP National Employment Report showed the decline nevertheless was less steep than in June, when a revised 463,000 jobs were cut.
The July decline in non-farm payrolls was the smallest since October 2008 and extends “the notable improvement” between the first and second quarters of 2009, the firm said.
However, ADP warned, “despite recent indications that overall economic activity is stabilizing, employment, which usually trails overall economic activity, is likely to decline for at least several more months, albeit at a diminishing rate.”
The monthly ADP report provides a snapshot on the labor market ahead of the official data which covers the public and private sectors.
The Labor Department is to publish jobs data for July Friday. Most analysts expect the unemployment rate climbed to 9.6 percent from 9.5 percent in June, a 26-year high, amid a brutal recession that began in December 2007.
They also anticipate the economy shed 328,000 non-farm jobs.
The ADP report of a bigger-than-expected fall in private sector jobs was “adding some uneasiness among (equity) traders ahead of Friday's labor report,” said Charles Schwab & Co. analysts in a client note.
Ian Shepherdson of High Frequency Economics said that the ADP slowdown in nonfarm job losses reflected a sharp drop in initial jobless insurance claims due to an unusually smaller number of temporary auto sector retooling layoffs.
“There's no question the peak rate of decline has passed, though these are still horrific numbers by all but the most recent standards,” Shepherdson said.
A separate private report Wednesday showed the huge services sector contracted unexpectedly in July after moving closer to growth in the prior three months.
The Institute of Supply Management (ISM) said its index of the non-manufacturing sector fell to 46.4 percent in July from 47.0 percent in June, the 10th consecutive monthly decline.
...Group Canwest (Vista),Home Alyze,Convenient Auto Services Ltd.,Calgary Real Estate News (CREN),Co-operators Insurance,Realserve Inc. (Commission ...
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DIARY-NON SP WEEK AHEAD Reuters - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNFvJCLpMjLywN__S10d0ViIdxYWiAamp;url=http://www.reuters.com/article/2012/02/03/diary-non-sp-week-idUSL2267726220120203bDIARY-NON Samp;P WEEK AHEAD/b/abr /font size=-1bfont color=#6f6f6fReuters/font/b/fontbr /font size=-1OF YEAR AGO ESTIMATE EST EPS 03 Feb bBMO/b Q3 2012 Abiomed Inc -0.01 8 -0.02 03 Feb Q3 Air T Inc N/AN/AN/A 03 Feb 13:00 Q4 American Axle amp; Manufacturing, Inc. 0.39 11 0.47 03 Feb bBMO/b Q3 2012 Booz Allen Hamilton Holding Corp 0.39 9 0.27 03 Feb bBMO/b Q4 b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dUvjTjNDNA5RSrMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
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DIARY-NON SP DAY AHEAD Reuters - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGSSYxGH9uBp6YA4BTKg_3fpr7k9Aamp;url=http://www.reuters.com/article/2012/02/02/diary-non-sp-day-idUSL2969586720120202bDIARY-NON Samp;P - DAY AHEAD/b/abr /font size=-1bfont color=#6f6f6fReuters/font/b/fontbr /font size=-1OF YEAR AGO ESTIMATE EST EPS 02 Feb Q4 Axcelis Technologies Inc -0.04 2 0.02 02 Feb bBMO/b Q1 2012 AECOM 0.46 12 0.48 02 Feb 12:00 Q4 Alliance Data Systems Corp 1.49 17 1.56 02 Feb Q3 2012 Alkermes plc -0.21 11 -0.12 02 Feb 13:00 Q4 Ally Financial Inc b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dKuyRgdaLtoDb5Mamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
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BMO Investments Inc. Announces Portfolio Management Changes MarketWatch (press release) - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHpqWH_o-iNz25pTv9fok9d3P8x0Aamp;url=http://www.marketwatch.com/story/bmo-investments-inc-announces-portfolio-management-changes-2012-01-30bbBMO/b Investments Inc. Announces Portfolio Management Changes/b/abr /font size=-1bfont color=#6f6f6fMarketWatch (press release)/font/b/fontbr /font size=-1TORONTO, ONTARIO, Jan 30, 2012 (MARKETWIRE via COMTEX) -- bBMO/b Investments Inc. today announced that the portfolio managers for bBMO/b Greater China Class, a class of shares of bBMO/b Global Tax Advantage Funds Inc. and bBMO/b Emerging Markets Fund will change./fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dg38Fzg1nsNA7hMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
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BMO Harris Bank Hits the Court Running With Multi-Year Northwestern Wildcats ... Sacramento Bee - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGhthr6qn0EI70OcpH1ln0TicoNcAamp;url=http://www.sacbee.com/2012/01/24/4210825/bmo-harris-bank-hits-the-court.htmlbbBMO/b Harris Bank Hits the Court Running With Multi-Year Northwestern Wildcats b/b/b/abr /font size=-1bfont color=#6f6f6fSacramento Bee/font/b/fontbr /font size=-1bInsurance/b products are offered through Harris Bancorp bInsurance/b Services, Inc. (HBIS). Investment banking services are provided by bBMO/b Capital Markets Corp. (BMOCMC) and bBMO/b Capital Markets GKST, Inc. (GKST), a Municipal Bond Dealer and member FINRA b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dD-JMv3RPmRuuiMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
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DIARY-NON SP WEEK AHEAD Part II Reuters - Jan 01, 1970
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGRu3cxgimQRLpOhO2M0K625Rzo0gamp;url=http://www.reuters.com/article/2012/01/31/diary-non-sp-week-ii-idUSL083542120120131bDIARY-NON Samp;P WEEK AHEAD - Part II/b/abr /font size=-1bfont color=#6f6f6fReuters/font/b/fontbr /font size=-1OF YEAR AGO ESTIMATE EST EPS 10 Feb Q4 Aarons Inc 0.43 12 0.38 10 Feb Q4 AllianceBernstein Holding LP 0.19 8 0.42 10 Feb bBMO/b Q4 Arch Coal, Inc. 0.32 24 0.33 10 Feb bBMO/b Q4 Apollo Global Management LLC 1.38 10 N/A 10 Feb Q4 Buckeye Partners LP 0.85 11 b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?ncl=dT3GuqIYKJ2pAOMamp;ned=usnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table
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