http://news.yahoo.com/s/nm/20110105/ts_nm/us_usa_economy_employment_adp
NEW YORK (Reuters) ? A surprise surge in private-sector employment last month to its highest level on record provided the most bullish signal in months that the [COLOR=#366388 ! important][COLOR=#366388 ! important]U.S. [COLOR=#366388 ! important]economy[/COLOR][/COLOR][/COLOR] is on the mend.
Private employers added 297,000 jobs in December, triple the median estimate by economists and up from the gain of 92,000 in November, an [COLOR=#366388 ! important][COLOR=#366388 ! important]ADP [COLOR=#366388 ! important]Employer [/COLOR][COLOR=#366388 ! important]Services[/COLOR][/COLOR][/COLOR] report, whose data goes back to 2000, showed on Wednesday.
The report undercut the prices of the U.S. Treasury securities, and helped the U.S. dollar gain against the yen and the euro. U.S. stocks opened lower though they did pare losses after the jobs news.
"Sometimes numbers come as bolts from the blue; this is one of them," said [COLOR=#366388 ! important][COLOR=#366388 ! important]Ian [COLOR=#366388 ! important]Shepherdson[/COLOR][/COLOR][/COLOR], chief U.S. economist at High Frequency Economics.
"Nothing in any other indicators of the state of the labor market last month -- jobless claims, help wanted, surveys -- suggested anything like this was remotely likely."
"We now have to expect a much bigger number on Friday, 250,000?" he said of the government's much more comprehensive labor market report due on Friday.
That report, which includes both public and [COLOR=#366388 ! important][COLOR=#366388 ! important]private [COLOR=#366388 ! important]sector [/COLOR][COLOR=#366388 ! important]employment[/COLOR][/COLOR][/COLOR], is expected to show a rise in overall nonfarm payrolls of 140,000 in December, based on a recent Reuters poll of analysts, including a rise in private payrolls of 145,000.
Has to be some kind of doom and gloom in here somewhere.Can someone help me here?
NEW YORK (Reuters) ? A surprise surge in private-sector employment last month to its highest level on record provided the most bullish signal in months that the [COLOR=#366388 ! important][COLOR=#366388 ! important]U.S. [COLOR=#366388 ! important]economy[/COLOR][/COLOR][/COLOR] is on the mend.
Private employers added 297,000 jobs in December, triple the median estimate by economists and up from the gain of 92,000 in November, an [COLOR=#366388 ! important][COLOR=#366388 ! important]ADP [COLOR=#366388 ! important]Employer [/COLOR][COLOR=#366388 ! important]Services[/COLOR][/COLOR][/COLOR] report, whose data goes back to 2000, showed on Wednesday.
The report undercut the prices of the U.S. Treasury securities, and helped the U.S. dollar gain against the yen and the euro. U.S. stocks opened lower though they did pare losses after the jobs news.
"Sometimes numbers come as bolts from the blue; this is one of them," said [COLOR=#366388 ! important][COLOR=#366388 ! important]Ian [COLOR=#366388 ! important]Shepherdson[/COLOR][/COLOR][/COLOR], chief U.S. economist at High Frequency Economics.
"Nothing in any other indicators of the state of the labor market last month -- jobless claims, help wanted, surveys -- suggested anything like this was remotely likely."
"We now have to expect a much bigger number on Friday, 250,000?" he said of the government's much more comprehensive labor market report due on Friday.
That report, which includes both public and [COLOR=#366388 ! important][COLOR=#366388 ! important]private [COLOR=#366388 ! important]sector [/COLOR][COLOR=#366388 ! important]employment[/COLOR][/COLOR][/COLOR], is expected to show a rise in overall nonfarm payrolls of 140,000 in December, based on a recent Reuters poll of analysts, including a rise in private payrolls of 145,000.
Has to be some kind of doom and gloom in here somewhere.Can someone help me here?