While you were sleeping ADP jobs bolster Fed bets

Wed, 04 Dec 2013

By Margreet Dietz Dec. 5 (BusinessDesk) – Wall Street fell after stronger-than-expected US private jobs data raised concern the Federal Reserve might begin tapering its bond-buying programme sooner than anticipated. An ADP report showed private employers added 215,000 new jobs to their payrolls in November, the largest increase in a year and comfortably exceeding economists’ expectations. Meanwhile, October's rise was revised to 184,000, up from 130,000. “The market is on alert for any signs of Fed tapering and these ADP numbers will raise...

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