ADP employment change for the month of November

the monthly ADP employment change report came in weaker than expected at 67K versus estimates of 135K.

  • ADP employment change 67K versus 135k
  • prior month revised lower to 121K vs 125K previously reported
  • goods producing jobs, -18K
  • service producing jobs,+85K
  • small businesses, +11K
  • medium businesses +29K
  • Large businesses, +27K

Weaker than expected data. The USDJPY has dipped a bit on the report buy has rebounded modestly off the lows. The implied Dow index is down about 30 points.