Following 2 months of improving growth and beats after a mid-year slump, ADP Employment in November dropped to 208k (from a revised 233k in Oct) missing expectations of 222k by the most since August. November has historically seen a significant bump higher in employment but 2014 saw a drop (the first since 2008) with the lowest November print since 2010.
ADP job growth slipped and missed…
Worst November since 2010, first drop in November since 2008
Charts: Bloomberg
via Zero Hedge //feedproxy.google.com/~r/zerohedge/feed/~3/e4MfFNbPRzU/story01.htm Tyler Durden