ADP: Private Employment Decreased 301,000 in January — Bill McBride

Summary:
This was well below the consensus forecast of 208,000 for this report.The BLS report will be released Friday, and the consensus is for 155 thousand non-farm payroll jobs added in January. The ADP report has not been very useful in predicting the BLS report, but this suggests weakness in the January BLS report....Calculated RiskADP: Private Employment Decreased 301,000 in JanuaryBill McBride

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