ADP Report Better Than Expected, Sort Of

Posted by Bull Bear Trader | 4/02/2008 08:31:00 AM | | 0 comments »

The ADP employment report showed an 8,000 job increase in private hiring during March. While not a reason to throw a party, it was better than the expected 70,000 job decrease. ADP has been hit and miss over the last year - sometimes right on, other times wildly different from the Friday employment numbers. Futures traded up slightly on the news.