2/3/10

Good morning. Not much happening today. Later this morning we have another Institute of Supply Management number, and the only other scheduled economic news, of sorts, was the ADP employment number. (ADP, by the way, is the world’s largest payroll processing company, but its statistics do not include government jobs.) U.S. private employers cut 22,000 jobs in January, less than the 61,000 jobs lost in December. So far this morning mortgage rates are slightly worse.