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Wednesday, October 31, 2012

New ADP Count Slashes Job Creation Total for September - US Business News - CNBC

New ADP Count Slashes Job Creation Total for September - US Business News - CNBC

The new private payroll count now is actually under Labor's September job creation total of 114,000, 104,000 of which came from the private sector. The unemployment rate dropped last month to 7.8 percent, as the government said the total number of new workers swelled by 873,000. (Read More: Consumer Prices Rise on Energy Surge; No Pay Gains)
Economists expect Friday's report to show 125,000 new jobs and the jobless rate to hold steady.


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