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<p><div class="image-container float_right" style="width:400px"><div class="image"></div><p class="source">Aimee Groth, Business Insider</p></div></p>
<p><keyword id="200191" type="COMPANY" weightage="60" keywordseo="ADP">ADP</keyword> jobs report comes in at 192K, ahead of the 165K that were expected.</p>
<p>This is up from a downwardly revised 185K last month.</p>
<p>Remember, this is only private sector payrolls.</p>
<p>The one catch. Last month was revised down from 210K to 185K.</p>
<p>Overall, market not moving too much.</p>
<p>-----</p>
<p> </p>
<p>At 8:15 AM ET, we get the ADP jobs report.</p>
<p>It's seen as an okay preview of the big Non-Farm Payrolls report that comes out on Friday.</p>
<p>Analysts expect a reading of 165K, down from 215K last time.</p>
<p>Remember, this is only private-sector payrolls, so government layoffs don't change anything.</p>

ADP Jobs Report Surges Past Estimates - But Prior Month Revised Sharply Lower

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div><p></p></div></div>Markit Economics and the Institute of Supply Management will release their monthly reports on the services sector shortly. </p><p>Economists forecast Markit's purchasing manager's index at 53.1. ISM's index is expected at 57.</p><p>The services sector is where most US economic activity happens. </p><p><span>"Like its manufacturing cousin, the ISM non-manufacturing index stands firmly in expansionary territory, at a level of 57.6 as of February (the highest level since October 2015)," said Wells Fargo's Sam Bullard in a preview. "While regional services sector activity looks to have picked up from February (both the Dallas Fed and Richmond Fed surveys), our model signals a pullback in the headline national index to a still-robust level of 57.1."</span></p><p><a href="http://www.businessinsider.com/ism-services-pmi-markit-march-2017-2017-4">More to come ... </a></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/everything-we-know-about-apple-iphone-8-rumors-2017-3">Forget the iPhone 7 - here are 13 reasons the next iPhone will blow everyone away</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="sxcHRmYTE6NbPEwkeL_VlEHb50t1EGBR" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Here comes ISM services PMI ...

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span><a href="http://www.gettyimages.com/license/53439553">China Photos/Getty Images</a></span></p></div><p></p></div></div>Markit Economics and the Institute of Supply Management will shortly publish results of their monthly surveys of executives in the US services sector. </p><p>Markit's preliminary report for September released earlier showed that the headline purchasing manager's index (PMI) was 51.9. That's expected to be unchanged when the firm releases its final report at 9:45 a.m. ET. </p><p>At 10 a.m., ISM's non-manufacturing PMI is estimated at 53.</p><p>In both cases, a reading above 50 would indicate that the service sector remained in expansionary territory.</p><p>The service sector creates most of America's jobs and is responsible for most economic output, which is why it is closely watched by economists. </p><p>Wells Fargo's Sam Bullard wrote in a preview of ISM's report to clients:</p><p style="padding-left: 30px;"><span>In a surprising move, the ISM non-manufacturing index plunged 4.1 points in August to a six-year low of 51.4. We think the August downturn was a one-off, as the non-manufacturing sector appears to have substantial positive momentum. Indeed, the September Richmond Fed services survey showed that revenues in the sector strengthened with gains from both retailers and other services. </span></p><p><a href="http://www.businessinsider.com/ism-non-manufacturing-and-markit-services-pmi-september-2016-2016-10">More to come ...</a></p>     <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/nasa-explain-harvest-moon-2016-9">The last harvest moon eclipse of the decade has come and gone - here's what a harvest moon actually is</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="R5azR4NTE672sougZCqjax_ft6MHxrHf" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Here comes Markit services PMI ...

<ul class="summary-list"><li>The US added 517,000 <keyword id="3197196" type="PERSON" weightage="60" keywordseo="private-payrolls">private payrolls</keyword> in March, <keyword id="200191" type="COMPANY" weightage="60" keywordseo="ADP">ADP</keyword> said in its monthly employment report.</li><li>Economists expected a 500,000-payroll increase. The reading marks a third straight month of gains.</li><li>The report previews government data expected to show a notable jump in <keyword id="6357342" type="UNKNOWN" weightage="60" keywordseo="Hiring">hiring</keyword> through March.</li></ul><p>The US private sector added jobs in March as continued vaccination and the approval of new stimulus reinvigorated the <keyword id="409455" type="PERSON" weightage="60" keywordseo="labor-market">labor market</keyword>'s recovery.</p><p>Private payrolls climbed by 517,000 in March, according to <a href="https://adpemploymentreport.com/2021/March/NER/Report">ADP's monthly employment report</a>. Economists surveyed by Bloomberg held a median estimate of 550,000 payroll additions.</p><p>The latest reading is the third straight monthly gain for private-sector employment since payrolls unexpectedly shrank in December. The March gains are also the largest seen since September, just as daily COVID-19 case counts started their climb to winter highs.</p><p>The data is "mildly disappointing," but it should still precede stronger gains through the spring, Ian Shepherdson, chief economist at Pantheon Macroeconomics, said.</p><p>"It tells us nothing about the likely path of payrolls as the <keyword id="34412" type="ORGANIZATION" weightage="100" keywordseo="economy">economy</keyword> fully reopens over the next couple months," he said. "We expect 1 million-plus payrolls in April, and then substantially bigger increases in May and June."</p><p>The labor market has slowly resumed its climb to pre-pandemic health after stumbling through the winter surge in virus cases. Warmer weather and the gradual easing of lockdown measures have <a href="https://www.businessinsider.com/consumer-sentiment-highest-level-pandemic-stimulus-vaccine-boost-umichigan-index-2021-3">lifted consumer sentiments</a> and allowed businesses to hire back workers.</p><p>The leisure and hospitality and trade sectors boasted the largest increases in payrolls through the month, ADP reported. Firms in the natural resources and mining industry saw modest declines.</p><p>Small businesses - those with 49 employees or fewer - added 174,000 payrolls in March. Firms with more than 499 employees took on 155,000 new workers, and medium-sized businesses added 188,000 jobs.</p><h2>A preview of job growth to come</h2><p>With more Americans becoming eligible for vaccines, economists largely expect job growth to improve further into the summer. Bank of America economists expect nonfarm payroll gains to average 950,000 a month in the second quarter, a pace that would drag the unemployment rate to 4.7% from 6.2% by the summer. The benchmark rate will then fall to 4.5% by the end of the year and tumble below 4% by summer 2022, the team led by Michelle Meyer said Thursday.</p><p>"Stronger growth means a faster healing in the labor market," they said in a note to clients, adding their projections mean "the employment-to-population will have fully healed by the end of the year."</p><p>Data scheduled for release on Friday will preview whether that strong pace of recovery can be achieved. The Bureau of Labor Statistics' monthly nonfarm payrolls report will update the US unemployment rate and give a more in-depth view as to how hiring fared in March. Economists expect payrolls to increase by 650,000 and for the unemployment rate to dip to 6%.</p><p>The ADP report also comes just hours before President Joe Biden unveils his latest spending package. The White House is expected to push <a href="https://www.businessinsider.com/what-to-expect-in-bidens-2-trillion-infrastructure-package-2021-3">$2 trillion in spending</a> on bridges, roads, housing infrastructure, and clean-energy credits, among other initiatives. These projects stand to further boost hiring through 2021 as the economy fully reopens.</p><p>The plan is <a href="https://www.businessinsider.com/biden-infrastructure-bill-package-4-trillion-with-tax-hikes-2021-3">reportedly part of a tw0-part package</a> that could end up with a combined price tag of up to $4 trillion. The second part will be announced in the coming weeks, White House Press Secretary Jen Psaki said Monday.</p>

US private payrolls grow by 517,000 in March as labor market recovery accelerates, ADP says

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><p class="source"><span>Thomson Reuters</span></p><p class="caption">A waiter serves green champagne during a St Patrick's Day reception at the White House</p></div><p></p></div></div>This morning, we'll get an updated look into the health of the US services sector.</p><p>First, at 9:45 a.m. ET, Markit Economics is set to release its services Purchasing Managers' Index (PMI). Economists estimate a reading of 55.</p><p>And then, at 10:00 a.m., ISM's non-manufacturing report is due, with the index estimated at 58.2, versus 60.3 in July.</p><p>In contrast to manufacturing, the services sector has been a source of relative strength in the US and around the world. </p><p>But in Markit's flash release, senior economist Tim Moore quipped that the August reading signaled a "renewed slowdown in US service-sector growth."</p><p>BNP Paribas economists wrote in a preview of the ISM report to clients: "<span>Already quite-elevated and after an impressive surge in July, we expect the non-manufacturing ISM to have retraced a bit in August. Consumer confidence declined sharply in July, but rebounded in August, by the Conference Board's measure. While payrolls have slowed a bit, many labor market indicators continue to point to a market that is improving nicely."</span></p><p><a href="http://www.businessinsider.commarkit-and-ism-services-pmi-august-2015-9">We'll update with the latest as the data cross.</a></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/ultimate-tipping-guide-waiter-bartender-valet-2015-7">The ultimate guide to tipping in almost any situation</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="FjZnhjdjrvswTP5EMUV6H4lzVfVAZ9Fs" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

<p><div class="image-container float_right" style="width:400px"><div class="image"></div><p class="source">REUTERS/Robert Galbraith</p></div></p>
<p>The number is out and it's not so hot.</p>
<p>Analysts expected 200K but instead it came in at just 158K.</p>
<p>On the other hand, last week's <keyword id="200191" type="COMPANY" weightage="60" keywordseo="ADP">ADP</keyword> was revised from 198K to 237K.</p>
<p>So the number was not pretty, but it's ADP and folks aren't likely to put a ton of weight.</p>
<p>Here's an interesting chart by industry.</p>
<p>Of note is that there were ostensibly zero new construction jobs.</p>
<p><div class="image-container" style="width:600px"><div class="image"></div><p class="source">ADP</p></div></p>
<p> </p>
<p>----------</p>
<p>This Friday we get the Non-Farm Payrolls report.</p>
<p>As a preview today we get the ADP jobs report for March, which just measures private sector job creation.</p>
<p>Analysts expect to see 200K new jobs.</p>
<p>We'll have the full number here at 8:15 AM ET.</p>

MISS: ADP Jobs Report Comes In At Just 158K

<p>The Federal Reserve is set to publish its latest Beige Book at the top of the hour.</p><p>Based on anecdotes from businesses and the Fed's contacts, the release will summarize how the economies in the Fed's 12 districts are performing.</p><p>This Beige Book will be used at the Fed's meeting on January 26 and 27.</p><p>In a client preview, Nomura economists noted that they'll be looking out for some color on the industrial sector, which is experiencing a pronounced decline.</p><p>Comments on the strength of the US consumer, wage growth, and inflation will also be worth looking out for.</p><p><a href="http://www.businessinsider.com/federal-reserve-beige-book-january-13-2016-1">Refresh this page for updates</a>, as we'll have all the details and the full text of the Beige Book once it crosses.</p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/tony-robbins-explains-how-train-emotions-2015-12">TONY ROBBINS: How to pull yourself out of a funk</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="B2bHAweTrCYvvw4T3SRS6_9XzuuSa9ql" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Here comes the Beige Book ...

<p>The Census Bureau will release data on durable goods orders for September at 8:30 a.m. ET.</p><p>The consensus estimate among economists is a drop of 1.5%, according to Bloomberg. Excluding transportation, durables are expected to be flat at 0%.</p><p>"Core" orders, excluding military and transportation orders, are forecast to have risen 0.2%.</p><p>In a preview to clients, Wells Fargo's Sam Bullard wrote, "<span>Following a 2.3% decline in August, durable goods orders are likely to have retreated in September, largely on the anticipated weakness from aircraft orders. Boeing's order data suggests that civilian aircraft orders will be weak, with only 29 orders in September versus 52 in August. Excluding transportation, we project a modest 0.2% rise in durable goods orders. </span></p><p><span>The manufacturing sector remains challenged with an elevated U.S. dollar and sluggish global demand. This soft backdrop is expected to remain in the near­term, thereby limiting contributions made by the manufacturing sector to overall growth."</span></p><p><a href="http://www.businessinsider.com/durable-goods-orders-september-2015-10">We'll be back with the latest at the bottom of the hour.</a></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/why-processed-meat-might-give-you-cancer-2015-10">What processed meat really is - and why it could give you cancer</a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="c3YzZmeDqcBuXeWiAl0FAcN-8oP3c5gQ" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

Here come durable goods ...

<p>The <keyword id="11018" type="COMPANY" weightage="60" keywordseo="Jobs">jobs</keyword> report on Friday was very weak, and one number really stood out: A decline in retail jobs. The sector shed over 20K jobs in March.</p>
<p><table class="image-container" width="200"><tr><td><div class="image"></div><p class="source">FRED</p></td></tr></table></p>
<p>That's lead analysts to an obvious conclusion, which is that the payroll tax hike is taking a bite into consumers, hurting the retail sector.</p>
<p>Of course, the jobs report is noisy so you can't extrapolate from one report to say that the consumer has been kicked in the gut.</p>
<p>Anyway, we'll find out more next week when the monthly <keyword id="87998" type="UNKNOWN" weightage="60" keywordseo="Retail-sales">retail sales</keyword> report comes out.</p>
<p>This preview is from Nomura:</p>
<p style="padding-left: 30px;"><strong>Next week all eyes will be on Friday’s retail sales report</strong>. We have argued that it would take time for US households to fully adjust to higher tax burdens in 2013 and it appears that the March retail sales data will show that the adjustment has begun. The headline retail sales number will be ugly - gasoline prices reversed in March, auto sales registered a small decline, and spending on building materials was likely hampered by unusually poor weather conditions. But excluding those categories we forecast a decline in so-called control retail sales, the first decline since October 2012.</p>

Everybody Will Be Watching A Report Next Week To See If The Economy Is Really Going To Crap Again

<p><div class="KonaFilter image-container display-table float_right"><div><div class="image"><p class="source"><span>REUTERS/John Gress</span></p></div><p></p></div></div>The first week of every month is always fun, because it's when we get all the economic data for the previous month.</p>
<p>During the first week of every month we can PMI data, construction data, and of course jobs data, which culminates with the monthly Non-Farm Payrolls Report on the first Friday of every month.</p>
<p>So the fun part of the week has begun.</p>
<p>Today we get a preview for the Jobs Report in the form of the ADP jobs report, which is a private sector survey that's designed to anticipate Friday's big number.</p>
<p>Per Calculated Risk, <a href="http://www.calculatedriskblog.com/2014/06/wednesday-adp-employment-trade-deficit.html">the consensus is for 210K new private sector jobs</a> for the month, down slightly from the 220K that ADP registered for April.</p>
<p>Of course you should bear in mind that ADP vastly underestimated the ultimate NFP number last month, and that in any survey there is going to be noise.</p>
<p>The bigger picture is that the economic data for May so far has looked quite hot, especially total car sales, which hit a 7-year high yesterday, so there's a chance of big things from the labor data.</p>
<p>Tomorrow we'll get initial claims, and then of course Friday we get the big one.</p>

And Now We Get To The Really Fun Part Of The Week...

<keyword id="10387" type="General" weightage="80" keywordseo="microsoft" source="Orion">Microsoft</keyword> has introduced '<keyword id="6359957" type="General" weightage="20" keywordseo="polls" source="Orion">polls</keyword>' that will offer users a way to create polls right away with the <keyword id="11125450" type="General" weightage="20" keywordseo="Microsoft-Forms" source="Orion">Microsoft Forms</keyword> app, making meetings more engaging in <keyword id="6615208" type="General" weightage="100" keywordseo="teams" source="Orion">Teams</keyword>.<br /><br />This feature will allow users to get the answers they're looking for without leaving their meeting or group chat, according to an official report.<br /><br />To post a poll in a Teams channel or get instant feedback in a chat pane, go to the channel or chat you want to include a poll in, then at the bottom of your Teams window, select Forms, then add your question - and - Answer options.<br /><br />Furthermore, if you want to allow multiple answers, click or tap the toggle next to Multiple answers, also select whether you want to share results automatically after voting and/or keep responses anonymous, then select Save.<br /><br />Finally, preview your poll, and then click Edit if you want to make changes or click Send if you're ready to post it.<br /><br />The group conversation will display real-time poll results as users take the poll, said the report.<br /><br />For teams that need a quick way to launch a poll during a meeting or virtual chat, Microsoft Forms can be a useful way to get answers and feedback in real-time, the report added.<br /><br /><b>SEE ALSO:<br /></b><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/binance-looks-to-hire-8k-people-by-2023-end-ceo/articleshow/95716850.cms"><strong>Binance looks to hire 8K people by 2023 end: CEO</strong></a><b><u><strong><br /></strong></u></b><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/space/news/private-sector-participation-in-space-sector-gaining-momentum-as-more-players-get-onboard/articleshow/95736481.cms"><strong>Private sector participation in space sector gaining momentum as more players get onboard</strong></a><b><br /></b>

You Searched For "IT sector preview" and got 11 results

ADP Jobs Report Surges Past Estimates - But Prior Month Revised Sharply Lower

Joe Weisenthal

Here comes ISM services PMI ...

Akin Oyedele

Here comes Markit services PMI ...

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US private payrolls grow by 517,000 in March as labor market recovery accelerates, ADP says

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Here comes Markit services PMI ...

Akin Oyedele

MISS: ADP Jobs Report Comes In At Just 158K

Joe Weisenthal

Here comes the Beige Book ...

Akin Oyedele

Here come durable goods ...

Akin Oyedele

Everybody Will Be Watching A Report Next Week To See If The Economy Is Really Going To Crap Again

Joe Weisenthal

And Now We Get To The Really Fun Part Of The Week...

Joe Weisenthal

Microsoft introduces 'polls' to make meetings more engaging in Teams

IANS

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