We will hear form the U.S.Labor Department tomorrow on the jobs numbers but the ADP report is showing some slowing. I will reserve judgment on what is going on until I see tomorrow's report.
According to the ADP private payrolls report, the economy added 135-thousand jobs last month. That's down from August's revised total of 157-thousand. September's gain was the slowest since June and it drops the monthly average for the year to 145-thousand, well below last year's monthly average of 214-thousand.
I will talk more on-air about this on Monday.