The numbers: Private-sector employment slowed sharply in November, payroll processor ADP said Wednesday. Job growth rose 67,000 in the month., the smallest increase since May. The gain was well below forecasts from economists surveyed by Econoday who expected a gain of 156,000.
The private sector on the whole added 254,000 positions during the month, well above the 178,000 consensus and 163,000 added in October. This result contrasted sharply with the weaker than expected results of ADP/Moody’s report on private sector employment published earlier this week, though many economists have pointed out that the survey serves as an imperfect indicator of the Department of Labor’s jobs report.
Weird that the numbers have such a huge discrepancy. I don’t think the US government typically fakes data, but if any administration was going to to it, which one would it be?
