ADP Jobs Report for April, Not as Bad as Expected

This morning ADP issued their jobs report for April showing that 491,000 jobs were lost in April, 2009. Well this is still bad news, it's not as bad as people expected and it's signficantly fewer jobs lost than what have been lost every month since December 2008.

Click for a Bigger Chart...

As you can see in the chart above, the number of non-farm private jobs keeps declining (Green Bars & Left Hand Axis), but the rate of Change (Blue Line & Right Axis) is showing an uptick--and that uptick is why the stock market futures are trending up this morning. Analysts are hoping that the decline in job loss will continue and eventually turn into job gains. Will it happen? Only time will tell...

What do you think?