U.S stocks and job market

ADP National Employment Report influenced the stock markets around the world. This report which became available on Wednesday created additional pressure on the global stock markets.

Analysts expected that employers would add 140,000 jobs in September. Nevertheless, the data from the ADP National Employment Report showed that the number of jobs created in September is lower by 5,000 jobs. Another issue is that the results for August are also disappointing as instead of previously reported 195,000 jobs, this number is much lower and is 157,000.

To have a better understanding of the situation regarding the U.S job market is a good idea for the U.S. Department of Labor. The department will release the more informative nonfarm payrolls report on Friday. There is a difference between the ADP National Employment Report and the Nonfarm payrolls report. The difference is that ADP covers only the private sector whereas the nonfarm payroll report covers both public and private and sectors.

It is interesting to monitor whether the nonfarm payrolls report will be similar to the ADP report when it comes to the private sector.

The ISM September Manufacturing Index decreased to 47.8. It was the worst result since June 2009.

Stock markets on October 2

The ADP National Employment Report had a negative impact on the stock indexes across the world. In the U.S. the Dow Jones Industrial Average decreased by 1.56% to 26158.74. The S&P 500 fell by 1.13% to 2907.13. Another U.S index Nasdaq Composite decreased by 1.08% to 7823.

In Europe, the Stoxx Europe 600 decreased by 1.22% to 383.27.

The German DAX decreased by 1.06% to 12134.38. The French CAC 40 fell by 1.45% to 5516.46. The U.K. FTSE 100 dropped 1.48% to 7251.33.

The risks associated with the U.S. job markets had a negative impact on the global stock markets.