Wednesday, July 1, 2009

Employment Situation: ADP Jobs Report

Job losses exceeded estimates: 473,000 vs. expectations of 390,000.

The miss was mitigated by upward revisions to previous months.

- 17 consecutive months of job losses

- 6,206,000 job losses since & including 12/2007

- Employment now stands at the same level as 4/2004

1 comment:

MK said...

I'm sticking with my estimate from last week: non-farm payrolls down 450k. Release tomorrow.