...this morning showed a loss of 22,000 in private payrolls for the month of January. The financial community seems to watch this figure closely for hints of the monthly non-farm payrolls number, which is due out this Friday. The consensus range among analysts is from down 40,000 to up 75,000, with the overall consensus at unchanged. I don't have the numbers to back it up, but I don't think the ADP report has been a good indicator in the past. I'll start watching it better, starting this week, and report on my findings.
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