Update on anecdotal evidence

Well the hazards of being a financial news blog writer have been highlighted for me once again.  Earlier this week I had written that the big improvement in the employment situation as reported by ADP had garnered very little attention from that general source for...

Job creation in November disappoints, but…

Expect a big stock market down draft today. November’s non-farm payrolls (i.e. job creation) figures are in and the U.S. economy created 39,000 jobs.  This compares to a consensus expectation from economists of 144,000 jobs created.  Meanwhile, October’s...

Job situation improves

There are two major sources of jobs data in the United States: the Bureau of Labor Statistics and Automatic Data Processing.  ADP is the country’s largest payroll processing firm so clearly it has its finger on the pulse of the U.S. jobs situation.  There are...