If ADP predicted non-farm private employment would grow 130,000
from December 2007 to January of 2008
and the Dow Jones Industrials rallied to 12,743 on Friday, February 1, 2008
when the Bureau of Labor Statistics reported a loss of 76,000 jobs
including an annual adjustment of -378,000 jobs
to account for newly created or eliminated jobs
and the Dow Jones Industrials fell to 12,200 by Wednesday, February 6th
and the Dow rallied after ADP forecasted non-farm private employment
to fall 522,000 from December 2008 to January 2009 on February 4, 2009
what could happen if ADPs job loss report
underestimates the Bureau of Labor Statistics report
due on “Friday, February 6th 2009?
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