Wednesday, July 30, 2008
Economist Calls U.S. ADP Employment Report “Grossly Over-Optimisticâ€
Following the release of the ADP private employment report on Wednesday, which posted a gain of 9k jobs in July, economists dismissed the figures as overly optimistic and predicted they won't be reflected in the BLS nonfarm payrolls survey on Friday. Speaking on CNBC, Joel Prakken, chairman of Macroeconomic Advisors and ...
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