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Wednesday, September 30, 2015

US ADP non-farm employment change Sept +200k vs +190k exp

  • +186k prev revised down from +190k
Highest reading since June but tempered a little by lower revision
  • goods-producing jobs +12k
  • services jobs 188k vs 172k prev
 So let me guess, anytime now the FED ( ZERO CREDIBILITY ) will raise rates...is that the noise of the day? I'm  no longer excited about the number of jobs added as this doesn't really indicate the health of our economy. I'm more interested in Gross Domestic Income. That is the real canary in the mine shaft.

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