Obamanomics in Action…

1 May

Working as planned….

ADP Private Jobs Plunge, Miss; Fall For Fifth Month In A Row

Concurrently he (Zandi) also announced that the just released April ADP was a huge miss to expectations of 150K, printing at just 119K, or a 31K miss. This was the 5th month in a row of declines excluding the small bounce in February data. It also means that the combined miss to expectations including March (original estimate +200K) and April (estimate 150K) is precisely 100K.

https://i2.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/04-2/20130501_ADP.jpg

Oh yes, anyone looking for seasonally unadjusted ADP data, good luck – keep on looking.

Zero Hedge

 

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