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ADP: Private Employment Decreased 169,000 in November

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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-02-09 07:19 PM
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ADP: Private Employment Decreased 169,000 in November
From http://www.calculatedriskblog.com/2009/12/adp-private-employment-decreased-169000.html">Calculated Risk:

ADP: Private Employment Decreased 169,000 in November

ADP reports:

Nonfarm private employment decreased 169,000 from October to November 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from September to October was revised by 8,000, from a decline of 203,000 to a decline of 195,000.


Note: ADP is private nonfarm employment only (no government jobs).
The BLS reported a 190,000 decrease in nonfarm private employment in October (also -190,000 total nonfarm), and ADP originally estimated October private nonfarm employment losses at 203,000; so ADP was pretty close to the BLS number last month.
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