Prior was +233K (revised to +184K)Annual pay growth for job-stayers 4.8% vs 4.6% priorJob-changers’ pay gains 7.2% vs 6.2% priorServices +140K vs +211K priorGoods +6K vs +22K prior
“While overall growth for the month was healthy, industry performance was mixed. Manufacturing was the weakest we’ve seen since spring. Financial services and leisure and hospitality were also soft,” said Nela Richardson, chief economist at ADP.
The market hasn’t done much with this, in part because it was in-line and in part because this survey doesn’t have a good track record of predicting non-farm payrolls. The consensus for Friday is +200K following the +12K reading in October.
This article was written by Adam Button at www.forexlive.com.
