ADP Says The Economy Added 206,000 Jobs Last Month

What’s also helping the pre-market optimism today is the news that according to ADP ($ADP), the U.S. economy created 206,000 jobs last month. Economists had been expecting a gain of 130,000.

The ADP report comes out just two days before we get the official numbers from the government. I’m usually not a big fan of the ADP numbers but I have to admit that they got it close last time. For October, ADP said that there were 110,000 new jobs. Then the government said it was 104,000. Incidentally, ADP revised the October figure up to 130,000.

Posted by on November 30th, 2011 at 9:07 am

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