Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

ADP Employment Data Shows Manufacturing Jobs Disappearing

Courtesy of ZeroHedge View original post here.

After plunging in May, ADP employment data bounced but has begun to rollover once again and while the trend appears to be weakness, thanks to downward revisions, the latest month was a modest pick up.

September ADP revised down from +135k to +93k and October ADP printed +125k (+110k exp)…

Source: Bloomberg

Services sector added 138k jobs while manufacturing lost 13k…

Source: Bloomberg

Small employers (1-19) saw job losses (-12k) with large employers (1000+) added 33k.

Finally we note that for the last five months, the official BLS data has been worse than ADP's employment signal…

Source: Bloomberg

 


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!