Posted on 03/04/2015 4:31:06 PM PST by Perdogg
Another day, another missed data point. ADP Employment data shows 212k jobs added in February, which modestly missed expectations of 219k and is the weakest monthly gain in 6 months. This despite a strong prior revision, pushing the January number up from 213K to 250K to catch up to the BLS runrate. Despite the miss, that showed large businesses adding by far the fewest jobs, Mark Zandi as usual remains optimistic: "jobs growth is strong but slowing," and expects the economy "will return to full employment by mid-2016."
(Excerpt) Read more at zerohedge.com ...
Not to worry — 2015 will be the “Summer of Recovery”
this is ADP not NFP number.
“Slowing” = no more full-time jobs to split into part-time jobs.
... “will return to full employment by mid-2016.”
Oh really? There is that much demand at Dennys, MacDonalds, etc.?
“jobs growth is strong but slowing,” and expects the economy “will return to full employment by mid-2016.”
Ahh,,,there’s the meme for the next Prez election....right there.
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