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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

ISM, Construction Spending All Come In Stronger

Construction Spending MoM:  Survey:  0.3%    Actual: 0.8%    Prior:  0.2% 

ISM Manufacturing:   Survey: 51.8    Actual: 52.7    Prior:  50.8

November vs October 2011
Prices Paid:  45.0 vs 41.0
Production:  56.6 vs 50.1
New Orders: 56.7 vs 52.4
Backlog of Orders: 45.0 vs 47.5 
Inventory Change: 48.3 vs 46.7
Employment:  51.8 vs 53.5 

ISM Prices Paid:   Survey: 45.0  Actual: 45.0    Prior:  41.0

Employment Change Index Negative

ADP Employment Change:          Survey:   15K              Actual:   -10              Prior:   42K              Revised:   37


USD/JPY trading lower on the news

ADP Employment Data Positive

fxdd_region_0000            ADP Employment Change:    Survey: 30K     Actual:32K     Prior:-23K            

The number was right  near the survey and does hit a positive note for the first time since January of 2008.

ADP Employment Change Data to be Released at 8:15

ADP Employment change is expected to have a positive number for the first time since January of 2008. We have a survey of 30K expected vs a prior number of -23K.

8:30 US Economic Data comes in very close to expected

The following are the readings from this mornings numbers:

  • GDP QoQ (Annualized):               Survey: 3.3%   Actual: 3.2%   Prior: 5.6%  
  • Personal Consumption:              Survey: 3.3%   Actual: 3.6.%   Prior: 1.6%
  • GDP Price Index:                           Survey: 0.9%   Actual: 0.9%   Prior: 0.5%
  • Core PCE QoQ                              Survey: 0.5%   Actual: 0.6%   Prior: 1.8%
  • Employment Cost Index:             Survey: 0.5%   Actual: 0.6%   Prior: 0.5.%

Core PCE QoQ come in at a .6% new historical low.

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