Survey maker warns of unusual strength
The ADP survey is co-developed with Moody's and now Moody's chief economists Mark Zandi says the December jobs growth in professional and business services may be overstated due to seasonal factors.
I wrote about what's skewing December jobs higher here: A December jobs jump says more about habits than fundamentals
In any case, the market isn't overly interested in ADP, or jobs overall at the moment. The focus is on the health of the global economy (especially emerging markets) and inflation.
