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Thursday, November 01, 2012

ADP: October private-sector payrolls up 158,000

ADP: 158,000 private-sector jobs added in October - MarketWatch

ADP said 158,000 private-sector jobs were created in October, with service-providing jobs accounting for 144,000 positions and service-sector jobs responsible for 14,000 new jobs. This was the first release after ADP adopted a methodology, including increasing the sample size. "Businesses are adding consistently to their payrolls. October's job gains were in line with the average monthly gains of the past two years, with sturdy albeit less than stellar growth across most industries and company sizes. Businesses have turned more cautious in recent months, but that has yet to impact their hiring and firing decisions," said Mark Zandi, chief economist of Moody's Analytics, in a statement. 

ADP Employment Change: Actual 158K, consensus 143K, prior 162K (revised 88K)

http://www.breifing.com/investor/markets/bond-market-update/#ixzz2AyNsFfoN


Ha ha ha ha ha...Nothing more to say really. These fools would tell you its raining as you are shoveling 20" of snow.


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