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ADP said private sector employers created +162,000 jobs in September.

Here is what the ADP website said:

"Employment in the U.S. nonfarm private business sector increased by +162,000 from August to September, on a seasonally adjusted basis. The estimated gains in previous months were revised lower: the July increase was reduced by -17,000 to an increase of +156,000, while the August increase was reduced by -12,000 to an increase of +189,000. Employment in the private, service-providing sector expanded +144,000 in September, down from +175,000 in August. Employment in the private, goods-producing sector added +18,000 jobs in September. Manufacturing employment rose +4,000, while construction employment rose +10,000, the strongest since March when mild winter weather was boosting construction activity. The financial services sector added +7,000 jobs in September, marking the fourteenth consecutive monthly gain."

Before ADP posted its jobs number, an economist poll expected ADP jobs data to show private sector employers created +153,000 jobs in September, a slowdown from +201,000 in August.  In August, tentative U.S. government Payroll data said employers created +103,000 private sector jobs.

Just before the September ADP report, the Spanish 10-Year at 5.70% and Italian10-Year paper at 4.94% traded flat, near the lows that Draghi actions pushed them. The ECB meets this week on Thursday and is not expected to change its stance.

Oil traded at $91.23 a barrel, down -0.65 cents.  Gold traded at $1782 an ounce, up $6.

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