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ECON: ADP Employment Roughly In Line With Expectations
Posted to: Micro News
Thursday, September 05, 2013 8:23 AM
- Private Payrolls +176k vs +180k Forecast
- July revised to 198k from 200k
- Market Reaction: just slightly stronger now, but still weaker than yesterday. The nearness to consensus puts a bit more emphasis on the rest of the morning's data.
Private sector employment increased by 176,000 jobs from July to August, according to the August ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. July’s job gain was revised down slightly from 200,000 to 198,000
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