Thursday, July 31, 2008

The ADP survey about US unemployment

ADP survey for the net change in jobs in the private sector in the U.S. in July showed employment rising by 9 thousand people in expectations for 55 thousand people sacked as the previous survey showed 79 thousand sacked. The range of forecasts was reduced to between 110 thousand and 40 thousands, when the ADP revised the information for June to 77 thousand redundant to the previous 79 thousand people. This study is before the government data on the state of housing markets on Friday which is expected to show 75 thousand redundant as this will be 7 - my serial month of reductions in the world's largest economy.

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