not understand how important ADP's employment numbers really are
Since ADP actually does the account work for their businesses
they KNOW what their customers are actually doing, or not.
And, what they are telling U.S. is that small & medium service businesses were hiring.
Everyone else was not.
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Nonfarm Private Employment Highlights – July Report:
- Total employment: +42,000
- Small businesses* +21,000
- Medium businesses** +21,000
- Large businesses*** 0
- Goods-producing sector: -21,000
- Service-providing sector: +63,000
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ADP = US private sector employment increased by 42,000 from June to July
http://www.finfacts.ie/irishfinancenews/article_1020300.shtml
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US economy adds private jobs but at lackluster pace
http://au.news.yahoo.com/a/-/world/7711972/us-economy-adds-private-jobs-but-at-lackluster-pace/
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