A December jobs jump says more about habits than fundamentals

Discussion in 'Market News' started by ForexLive, Jan 6, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Does the ADP report really tell us anything If someone were to ask me two of the great secular trends in the US economy, I'd probably answer: - A shift to part-time/temporary workers When you combine them, it adds up to a temporary surge in December hiring ahead of Christmas. There is always a surge in temporary holidays shopping but it's getting especially acute and that's why it's not flushed out of the data by seasonal adjustments.

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