Wednesday, March 7, 2007

ADP Payrolls Weak Again

This isn't the first time ADP is sharply below conensus estiamates for the government's non farm payrolls data due on Friday. Who are you going to to believe? hmmm.

95,000 is actually the latest consensus estimate for this Friday's government number. While ADP and the government's data can be at odds, one thing is certain, even the government's data has showed a drop off in jobs creation in recent months.

The 10 year treasury has drifted higher by 3/32nds. Next data point is Fed Beige book early this afternoon.

1 comment:

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