Archive for January, 2011

ADP Blows the December Jobs Estimate

Thursday, January 6th, 2011

On January 4, ADP Employer Services announced that the US economy added 297,000 jobs in December. Most economists had estimated 100,000 jobs were added. The US Bureau of Labor Statistics will announce the “official” number on January 7. (Which is almost always revised about a month later.)
As consumer spending accounts for about 70% of the [...]

by Michael Baumer