ADP Employment Rose 297.000 In December

(For December 2010)

ADP Employment rose 297.000 in December vs. revised (down 1,000) gain of 92,000 in November. This reading is off the charts, highest since at least 2001 (I don’t have older data).

Nonfarm payrolls on Friday (rule of thumb) could be better than 140.000 consensus.

Chart 1. ADP Employment – Change m-o-m


This entry was posted on Wednesday, January 5th, 2011 at 11:58 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.

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