ADP Employment & Challenger Job-Cut Reports

March 3rd, 2010 by Belisarius

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

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