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ADP Estimates Nonfarm Payroll Growth at +163,0000; Why I’ll Take the Under (Way Under)

Wednesday, August 1, 2012 11:54
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(Before It's News)

by Mike Shedlock
MISH’S Global Economic Trend Analysis

B4INREMOTE-aHR0cDovLzMuYnAuYmxvZ3Nwb3QuY29tL19uU1RPLXZacFNnYy9TRmNxanlJaVI4SS9BQUFBQUFBQUN5SS95b2E1WjZzM0tGWS9zNDAwL21pc2hwaG90by5naWY=ADP job estimates have been on the high side of BLS estimates for months, and I expect that to be the case again this Friday.

Please consider some snips from the July 2012 ADP National Employment Report®

Employment in the U.S. nonfarm private business sector increased by 163,000 from June to July, on a seasonally adjusted basis. The estimated gain from May to June was revised down slightly,from the initial estimate of 176,000 to 172,000.

Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…



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