STRONG AGAIN: ADP Beats Expectations At 217K New Jobs, And January Is Revised Higher

The number:

Alright, it was good, beating estimates by over 50K.

Time to cue the guffawing.

The full announcement is here (.pdf).

Background: ADP is the the job report that everyone loves to laugh at. Analysts are looking for 165K.

Remember that as much as people hate it, in general, and over time the BLS does align with ADP.


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