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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.
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4 comments:
The market likely won't care. That's what happened last month.
Pretty tasteless that you comment on higher job losses as "amusing" - just my view...
adp survey = zero credibility
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..............
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