ADP Employment Negative In September; Down 39,000

(For September 2010)

ADP Employment fell 39,000 in September vs. revised (up 20,000) gain of 10,000 in August. Consensus was at +20,000. Nonfarm payrolls on Friday (rule of thumb) will be negative, probably missing -54.000 consensus. Unemployment will rise.

Chart 1. ADP Employment


This entry was posted on Wednesday, October 6th, 2010 at 6:37 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.

 

Get Adobe Flash player