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
March 6th, 2010 at 3:24 pm
[…] I expected non-farm payrolls came out yesterday at -36.000 for February vs. -50.000 consensus and a revised […]