Recent ADP job gains revised lower, but others pushed higher

|By:, SA News Editor

Today's ADP jobs release (+139K in February vs. 150K expectations) is notable for major revisions to previous numbers, with the most recent months revised sharply lower as those months further back are revised significantly higher.

Originally reported as a gain of 175K, January is cut to 127K.

December cut to 191K from 227K, November raised to 245K from 215K, October to 196K from 130K, September to 215K from 166K.

Treasury prices briefly popped higher on release of the weakish print, but have returned to their previous level, the 10-year yield up one basis point at 2.71%. TLT -0.1%, TBT +0.2% premarket

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