ADP reports private employers added 190,000 jobs in November. Economists 180,000 new jobs, compared with October’s estimated gain of 235,000. Small businesses added 50,000, medium 99,000, and large 41,000. Most of those gains were in services with 155,000 jobs, compared with 36,000 for goods producers, and 40,000 for manufacturers.
The U.S. Energy Information Administration reprts domestic crude supplies fell 5.6 million barrels the week ended December 1. That was bigger than the forecasted drop of 4.1 million barrels from aS&P Global Platts. On Tuesday, the American Petroleum Institute a drop of 5.5 million barrels. But gasoline inventory jumped by 6.8 million barrels for the week. January crude is down 1.5% to $56.78 a barrel on the New York Merc.
February gold is up $1.80 to $1,267.10 an ounce, recovering a little from yesteday’s 1% slide to its lowest settlement in four months. It’s down 0.9% so far for the week.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.