ADP: 217K Private Jobs Gained

SymbolPriceChangeADP49.83+0.44{“s” : “adp”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”}

The Automatic Data Processing (NasdaqGS: ADP – News) employment survey was better than expected in February. It shows that private sector employment rose by 217,000, well above consensus expectations for a 165,000 increase.

In January it was far too optimistic, showing a gain of 187,000 (now revised up to 189,000) and then the BLS only reported a gain in private sector jobs of 50,000. In December, ADP was even further off the mark and reported a gain of 297,000 private sector jobs and the BLS only reported a gain of 113,000 (later

Read More from the Article Source: Full Article