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ADP rose 130,000. December revised to 37,000 revised in December

Posted by Greg Michalowski on Wed, 01/30/2008 - 8:18am in

This is much stronger than expected.  Medium businesses increased jobs by 52,000. Small businesses +70,000.  Large Businesses +8000.   Goods producing sector 11,000.  Construction down 13,000.    

The dollar is getting a bid off of the report.  The Fed will certainly be taking all information in account at the meeting. 

Employment in the service-providing sector of the economy grew 141,000, while employment in the goods-producing sector declined 11,000, the fourteenth consecutive monthly decline. Manufacturing employment in January was flat after eighteen consecutive monthly declines.

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