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ADP Shows 214,000 New Jobs in Febraury

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

In advancee of tomorrow's government jobs report, stocks traders played their trades pretty close to the vest today.  ADP's jobs report, which is sometimes suspect, reported that the economy added 214,000 non farm jobs last month.  The new jobs were about evenly split between small, medium and large companies and the vast majority of them were in the service sector.  We would prefer to see them in manufacturing.  The lost 31 points on the day.