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Best ADP Employment Report for 3 Years

 

The ADP employment report for November showed a net increase of 93,000 jobs, the biggest increase for 3 years. In addition, numbers for October were revised from an increase of 43k to an increase of 82k.

Just like the most hated bull market of the last 18 months, the current economic recovery is one of the most doubted and hated in recent memory. Sure, a big part of the economic recovery has a lot to do with government intervention and regulatory forbearance on banks, however regardless of how you want to characterize the US economic recovery, it is getting harder and harder to deny.



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