Gavekal Capital: ADP Employment Report Rises To 13 Month High

Wednesday, January 8, 2014

ADP Employment Report Rises To 13 Month High

ADP showed a monthly increase of 238,000 jobs in December. This was the largest gain since November 2012. Perhaps most importantly for the labor market the gain was led by small firms (1-49 employees) which hired about 108,000 people in December. This was the largest increase for small firms since February 2012.

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