ADP: December Private Sector Employment Up 297,000 (100K Expected)

Private sector employment increased by 297,000 in December (2010) according to ADP. An increase of 100,000 was expected at Reuters. Here's a quote and chart from the December press release:
"Private-sector employment increased by 297,000 from November to December on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated change of employment from October to November was revised down but only slightly, from the previously reported increase of 93,000 to an increase of 92,000.


This month’s ADP National Employment Report suggests nonfarm private employment grew very strongly in December, at a pace well above what is usually associated with a declining unemployment rate. After a mid-year pause, employment seems to have accelerated as indicated by September’s employment gain of 29,000, October’s gain of 79,000, November’s gain of 92,000 and December’s gain of 297,000. Strength was also evident within all major industries and every size business tracked in the ADP Report. [read full release]"
 Is this already priced in?

Comments

  1. This is a great site and contains fantastic contents. mostly time I found blog but I naver gain lots of information but this blog have lots of important information abt this and I got lots of imformation on it . Thanks





    Resume Writing Tips

    ReplyDelete

Post a Comment