Is this already priced in?
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]"
ADP: December Private Sector Employment Up 297,000 (100K Expected)
1/05/2011 09:45:00 AM
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: