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<?xml-stylesheet type="text/xsl" href="http://www.mortgagenewsdaily.com/utility/FeedStylesheets/rss.xsl" media="screen"?><rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:wfw="http://wellformedweb.org/CommentAPI/"><channel><title>Economist Calls U.S. ADP Employment Report "Grossly Over-Optimistic"</title><link>http://www.mortgagenewsdaily.com/7302008_ADP_Employment.asp</link><description>Following the release of the ADP private employment report on Wednesday, which posted a gain of 9k jobs in July, economists dismissed the figures as overly optimistic and predicted they won't be reflected in the BLS nonfarm payrolls survey on Friday.</description><dc:language>en</dc:language><generator>CommunityServer 2008 SP2 (Build: 31106.96)</generator></channel></rss>