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Response to mahatmakanejeeves (Original post)

Fri Jul 6, 2012, 09:06 AM

10. How is it the ADP said 175,000 jobs were added in the private sector in June? Why so far off?

Private sector adds 176,000 jobs in June: ADP

NEW YORK | Thu Jul 5, 2012 8:48am EDT

(Reuters) - U.S. companies added more jobs in June, beating expectations for a decrease in hiring and suggesting the economic recovery has not completely lost traction.

The ADP National Employment Report said on Thursday private employers added 176,000 jobs last month, more than the 105,000 economists had forecast.

May's figures were revised up slightly to an increase of 136,000 jobs from the previously reported 133,000.

The report is jointly developed with Macroeconomic Advisers LLC.

"In isolation, this is a healthy surprise that private worker hiring came in higher than expected. I don't know if it's sustainable," said Robbert Van Batenburg, head of global research, at Louis Capital Markets in New York.

http://www.reuters.com/article/2012/07/05/us-usa-economy-employment-adp-idUSBRE8640JG20120705

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mahatmakanejeeves Jul 2012 OP
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