ADP Posts Horrendous Miss As Employers Shed 123,000 Jobs

ADP Posts Horrendous Miss As Employers Shed 123,000 Jobs

With markets focused intently on political developments stateside, Wednesday's data was sure to get short shrift. With that obligatory caveat, ADP was a big miss. Private sector employers shed 123,000 jobs in December. Consensus was looking for a 75,000 job gain. ADP hasn't been a good predictor vis-à-vis NFP over the course of the pandemic, but nevertheless, this is potentially disconcerting. It's difficult to see in the chart (below) due to the sheer magnitude of the labor market carnage du
Subscribe or log in to read the rest of this content.

One thought on “ADP Posts Horrendous Miss As Employers Shed 123,000 Jobs

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints