ADP Employment Turned Negative In August Falling 10.000

September 1st, 2010 by Belisarius

(For August 2010)

ADP Employment fell 10,000 in August vs. revised rise of 37,000 in July. Nonfarm payrolls on Friday will be negative, probably missing a -80.000 consensus.

Chart 1. ADP Employment

Source: Bloomberg

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