Tag Archives: Payroll

Job Collapse: “Cold, Storms” Blamed

The January ADP print missed as we expected,┬áprinting at 175K vs the expected 185K, while the December 238K was revised lower to 227K, confirming that ADP is nothing but an NDP trend follower and an absolutely worthless and meaningless data … Continue reading

Posted in Editorial, Financial | Tagged , , | Comments Off on Job Collapse: “Cold, Storms” Blamed

Welcome To The Non-Recovery: ADP Payrolls Miss Big, Plunge To Lowest Since April

As we mentioned earlier, if there was one thing that would guarantee an 1800 print in the Stalingrad and Propaganda 500 index today, it was a 0 or negative ADP print. Well, it wasn’t that bad. But it was close: … Continue reading

Posted in Editorial, Financial | Tagged , , | Comments Off on Welcome To The Non-Recovery: ADP Payrolls Miss Big, Plunge To Lowest Since April