ADP Payrolls Soar To Highest Since 2014, Zandi Sees "Return To Full Employment By Mid-Year"
Great news right? For those hoping for some "bad news is good news to slow The Fed down" data, ADP is a disappointment. The December monthly change was a rise of 257k - hugely better than the expected 198k and th ebiggest rise since December 2014. Most importantly the goods-producing sector added a shocking 23,000 jobs - despite every single manufacturing indicator deep in recession. Service-sector jobs added 234k.
Best jobs gains in a year (does that sound right?)
The details from the report: