ADP Employment & Challenger Job-Cut Reports

ADP Employment fell 20,000 in February vs. decline of a 22,000 in January. Challenger Job-Cut Report announced layoffs fell from 71,482 in January to 42,090 in February. If we rely on these reports as a indication of  nonfarm payrolls we could be heading for a better than (50,000) consensus reading on Friday.

Chart 1. ADP Employment

Source: ADP


This entry was posted on Wednesday, March 3rd, 2010 at 4:18 pm and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “ADP Employment & Challenger Job-Cut Reports”

  1. Non-Farm Payrolls Surprised To The Upside In February | Tainted Alpha Says:

    […] I expected non-farm payrolls came out yesterday at -36.000 for February vs. -50.000 consensus and a revised […]


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