ADP employment change for the month of November
the monthly ADP employment change report came in weaker than expected at 67K versus estimates of 135K.
- ADP employment change 67K versus 135k
- prior month revised lower to 121K vs 125K previously reported
- goods producing jobs, -18K
- service producing jobs,+85K
- small businesses, +11K
- medium businesses +29K
- Large businesses, +27K
Weaker than expected data. The USDJPY has dipped a bit on the report buy has rebounded modestly off the lows. The implied Dow index is down about 30 points.
