ADP report beats expectations by 100K

03 February 2021

 

Summary: ADP payroll numbers increase in January; more than consensus figure; December fall revised up by 45,000; result leads to “reasonably prospect” of January NFP rise on Friday; figures up across firms of all sizes; services sector accounts for 90% of gains.   The ADP National Employment Report is a monthly report which provides an estimate of US non-farm employment in the private sector. Since publishing of the report began...

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