Wednesday, April 1, 2009

ADP Job Report Drops By Record 742,000

ADP Private Job Report worse than consensus (-663k) by almost 100k at -742k, a record absolute drop. Also, the February revision is, unsurprisingly, lower from -697k to -706k. Amusingly, instead of slowing down job cuts are picking up. Also, the ADP is usually seen as a more optimistic version of tomorrow's initial jobless claims report. Sphere: Related Content
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4 comments:

eh said...

The market likely won't care. That's what happened last month.

Anonymous said...

Pretty tasteless that you comment on higher job losses as "amusing" - just my view...

Anonymous said...

adp survey = zero credibility

Anonymous said...

To Anon @ 9:32 AM
"Pretty tasteless that you comment on higher job losses as "amusing" - just my view"...

This is what bothers you? Substitute curiously, interestingly, or any other phrase, and calm down. It's the numbers, not the letters that should your attention. Bad day on the desk?? Just my view..............