ADP Employment Rose 114,000 In July

August 3rd, 2011 by Belisarius

(For July 2011)

ADP Employment rose 114,000 in July vs. revised (down 12,000) gain of 145,000 in June.

This was a bad predictor of non-farm payrolls in recent months, so I suspect it will be a bad proxy this time also.

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