Oct. ADP Jobs Report: -203K vs. -203K expected and -227K prior (revised from -254K). October...


Oct. ADP Jobs Report: -203K vs. -203K expected and -227K prior (revised from -254K). October marks the seventh month of declining job losses. "Nevertheless, despite recent indications that overall economic activity is stabilizing, employment, which usually trails overall economic activity, is likely to decline for at least a few more months." According to ADP, 7.2M private-sector jobs have been lost since the recession began.
Comments (5)
  • gandalf6900
    , contributor
    Comments (20) | Send Message
     
    -188k expected
    4 Nov 2009, 08:20 AM Reply Like
  • Niner
    , contributor
    Comments (790) | Send Message
     
    My info shows 198k expected

     

    On Nov 04 08:20 AM gandalf6900 wrote:

     

    > -188k expected
    4 Nov 2009, 08:28 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    The number changes to fit political and economic agendas at the moment. This is why "revisions" are much higher. Again, they use the "trailing/lagging indicator" which legitimately went out the window months ago when it shifted to "trending indicator".
    4 Nov 2009, 08:33 AM Reply Like
  • User 464025
    , contributor
    Comment (1) | Send Message
     
    Euro target 1.49
    4 Nov 2009, 09:01 AM Reply Like
  • SA Eli Hoffmann
    , contributor
    Comments (879) | Send Message
     
    Dow Jones had consensus at -203K. At any rate, in this case at least, the revision was down.
    4 Nov 2009, 09:02 AM Reply Like
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