ADP excludes government jobs. It’s also notoriously volatile and has a history of big misses in forecasting the official Labor Department payroll report. But perhaps most important is that it just doesn’t jibe with other recent…
ADP’s latest report showed a total that was nearly triple what economists were expecting. It’s only one month’s data, and it’s too soon to call it a hiring boom. However, the report offers more hope and some evidence that the n…
The Dow jumped skyward on Wednesday as stocks rallied around the globe on a stream of strong economic news, both abroad and in the U.S. A less anxious outlook for European sovereign debt also helped.
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