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Market Currents

Wednesday, November 4, 2009
8:15 AM TweetThis
  • 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.
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This news story has 5 comments:

  •  
    -188k expected
    Nov 04 08:20 AM | Link | Reply
  •  
    My info shows 198k expected


    On Nov 04 08:20 AM gandalf6900 wrote:

    > -188k expected
    Nov 04 08:28 AM | Link | Reply
  •  
    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".
    Nov 04 08:33 AM | Link | Reply
  •  
    Euro target 1.49
    Nov 04 09:01 AM | Link | Reply
  •  
    Dow Jones had consensus at -203K. At any rate, in this case at least, the revision was down.
    Nov 04 09:02 AM | Link | Reply
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