ADP Employment Rose 91,000 In August

August 31st, 2011 by Belisarius

(For August 2011)

ADP Employment rose 91,000 in August vs. revised (down 5,000) gain of 109,000 in July.

This was a bad predictor of non-farm payrolls in recent months, so I suspect it will be a bad proxy this time also.

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