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ADP Employment Beats 4th Month In A Row, At 6-Month Highs

Submitted by Tyler Durden on 01/07/2015 09:21 -0400

For the 4th month in a row (thanks to revisions revisions revisions), ADP Employment beat expectations. At 241k in December (above the 225k exp.) this is the highest print since June's peak (and occurs as both manufacturing and services PMIs showed faltering unemployment sub-indices). Small business appeared to add the most positions (less than 49 employees) as large businesses added the least with Services-producing firms dominant (even as Services PMI has plunged for 6 straight months). Will "good" news be bad news?

Up, yp, and away...

Which all makes perfect sense...

Charts: Bloomberg

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Wed, 01/07/2015 - 09:28 | 5631985 Headbanger

RAISE RATES NOW!

Can't have people working cause it will cause oil prices to go back up.

Wed, 01/07/2015 - 09:28 | 5632000 GetZeeGold

Screw the fake employment numbers.....this is serious.

MCDONALD'S runs out of French fries in Venezuela...

Wed, 01/07/2015 - 09:33 | 5632015 Quinvarius

Same thing happened to McDonalds in China. Strange it is only McDonalds and you can still get small fries.

Wed, 01/07/2015 - 09:30 | 5632003 insanelysane

Yellen needs to start selling. Wth things going this well the FED can start to unwind their balance sheet.

Wed, 01/07/2015 - 09:30 | 5632010 NoDebt

See, now THAT'S good sarcasm.

Wed, 01/07/2015 - 09:41 | 5632052 spastic_colon

has everyone forgotten the script? its an FOMC day, everything must be in rally mode or else!

Wed, 01/07/2015 - 09:26 | 5631986 rabbitusvomitus

Wait a minute, "lies-man" just said expectations were 251K so number was lower than expect?? which is it?

Wed, 01/07/2015 - 09:31 | 5632005 NoDebt

Opinions vary. With the amount of "stimulus" thrown at this economy the last 5 years my expectation was +540K, which it missed by a mile.

Wed, 01/07/2015 - 09:37 | 5632032 Quinvarius

No kidding. Between Obama's stupid foreign policy, global sanctions, and Obamacare, it will be harder for the economy get off the mat.

Wed, 01/07/2015 - 10:14 | 5632216 lunaticfringe

Do you still watch that channel? I read somewhere recently that CNBC is getting rid of Nielson ratings because they don't like hearing the truth that the only one watching is some guy named rabbitus vomitus and a couple of old blue hairs in Cincy.

Wed, 01/07/2015 - 09:27 | 5631993 mayhem_korner

January will be even better. Retailers need lots of min wage "associates" to process all those holiday season return. Then they can go back on the 99-week UE rolls after Presidents' Day.

Wed, 01/07/2015 - 09:27 | 5631994 ukspreads

Dow futures, triple digit gains, just shows once more that any losses are soon reversed and NEVER, can there be a lower low in this six year bullshit advance

Die DOW

Wed, 01/07/2015 - 09:29 | 5631996 observer007

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Wed, 01/07/2015 - 09:32 | 5632011 GetZeeGold

Dude....we know.....where ya been?

Wed, 01/07/2015 - 09:29 | 5632001 rsnoble

Gotta make up for those lost stock market points somehow.

Wed, 01/07/2015 - 09:30 | 5632006 Creepy A. Cracker

Woo, hoo!!! More low pay, part time jobs. More government dependance. More doubling of health care (Obamacare) premiums and deductibles. More business strangling regulations, shutting down businesses and preventing business start-ups, from the government.

WELCOME... To Obamaville.

Wed, 01/07/2015 - 09:34 | 5632014 youngman

These are just numbers now...no facts behind them....just a headline for a day..and an algo moving word...

Wed, 01/07/2015 - 09:40 | 5632045 Eagle Keeper

ADP does NOT have all the payroll numbers. Their numbers are only representative of the mostly large employers. But hey, our country now only cares about the biggest & TBTF companies.....

Wed, 01/07/2015 - 09:41 | 5632053 yogibear

Isn't ADP now a branch of the BLS via an edict of the Just-Us department.

Eric Holders goons took over the place and made it synchronize with the BLS.

Wed, 01/07/2015 - 10:03 | 5632156 PrayingMantis

... the question is not whether this employment stats is true or otherwise, but whether Americans and their government are content and satisfied with failing to ask the question whether it is true or not ...

Wed, 01/07/2015 - 10:25 | 5632266 City_Of_Champyinz

too funny, meanwhile the U6 Real unemployment rate is still over 11%...

Wed, 01/07/2015 - 10:46 | 5632369 Tachyon5321

If you remember Obama's stimulus program($823 Billion in welfare) was design to get the economy back to full employement, which was 450,000 new jobs per month. So based on these numbers the economy is still contracting.

Wed, 01/07/2015 - 10:57 | 5632414 wrs1