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ADP Employment Stays According to Forecast

ADP Employment Stays According to Forecast

Employment in the US has risen to 216K from a prior number of 170K and a survey of 215K. Revision was stronger coming in at 173K

Feb 2012 vs. Jan 2012
ADP Employment: 110,249 vs 110,033
Level Change: 216 vs 173 
Prev Change: n/a vs 170

ADP Employment Change Stays Same as Prior at 91K


Employment Change:  Survey: 75K    Actual: 91K    Prior: 91K    


Bobbys Corner-Open Market-Aug.31.2011

Good Morning:

I am returning from a bit of vacation-and the aftermath of Hurricane Irene.  We lost power for 3 days, and a few trees-but no major damage, and everyone is safe and healthy-which is the most important. 

ADP reported that the private sector added 91K new jobs-a little less than the 100k that was expected.    

All eyes will be on this Friday’s unemployment data,  and Non Farm payroll numbers.

Jobless Claims Better with ADP News, Canada Housing Also Up

US Jobless Claims:  Survey: 420K    Actual: 418K Prior: 428K    Revised:  432K

US Continuing Claims:  Survey: 3700K    Actual:  3681K Prior: 3702K   Revised: 3742K

CA New House Price Index MoM :  Survey: 0.2%    Actual: 0.4% Prior: 0.3%

CA New House Price Index YoY:  Survey: 1.7%    Actual: 1.9% Prior: 1.9%


ADP Employment Change Falls Hard

Employment Change:  Survey: 175K    Actual: 38K    Prior: 179K    Revised: 177K

May vs. April
Small Firms(1-49): 49,128  vs  49,101
Level Change: 38  vs  177
Medium Firms(50-499):  41,932 vs 41,902 
Level Change:  30 vs  83
Large Firms (499): 17,446  vs  17,465
Level Change:  -19 vs  10

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