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Wednesday
Jul012009

ADP: Getting Better But Far From Great

DateWednesday, July 1, 2009 at 05:37AM

This month's release of the ADP payroll report showed that private employers cut 473K jobs during the month of June.  This was the fourth straight monthly improvement from March's low of -736K.  While many of the market/economic indicators we track have returned to their "Pre-Lehman" levels, the ADP employment report is still 205K below its September 2008 reading of negative 268K.


Monthly ADP Report 


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