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ADP April employment report missed expectations with 156,000 new private sector jobs.  The official BLS or Bureau of Labor Statistics employment report is due Friday and expected to show 200,000 new jobs.
Productivity continues to go south falling 1% in the first quarter to mark a second consecutive decline that has now become the largest drop in 23 years.  Unit labor costs gained 4.1% over the same period, the 4th quarter gain was revised down to 2.7%.  This will put additional pressure on corporate profit margins.

This is Caleb Lawrence Registered Investment Adviser Inc. Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.

You can catch me on the radio at noon each business day as well on California’s central coast.  KPIG 107.5 FM in the Monterey Bay or KPYG 94.9 FM in San Luis Obispo.

Advisory services offered through Caleb Lawrence Registered Investment Adviser Inc.

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