Labor Picture Continues To Improve Thursday, September 5, 11:27 AM ET
This morning, the ADP payroll survey showed 176,000 new jobs were added in August, below the June and July figures, but in line with the average monthly gain for 2013. Results nearly matched economists' expectations for the month, but all eyes will be on the Labor Department's official report due on on Friday morning.
Also announced this morning was that initial jobless claims fell by 9,000 to a seasonally-adjusted rate of 323,000 new claims, nearing a five year low. On the positive economic news, US markets were trading higher.
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