That is a shocker! a -40K ADP for December is trully USD Negative.
But Traders are now trading the revision. Last nov's NFP is 130K+; a fairly high number considering the previous numbers. I think this could be revised down!
Though yearends find a lot of companies hiring extra hands; Walmart was said to have hired 50K+ extra hands to help in the busy Nov and Dec sales. BUT I learned that these extra hands are not included in the NFP numbers.
But Traders are now trading the revision. Last nov's NFP is 130K+; a fairly high number considering the previous numbers. I think this could be revised down!
Though yearends find a lot of companies hiring extra hands; Walmart was said to have hired 50K+ extra hands to help in the busy Nov and Dec sales. BUT I learned that these extra hands are not included in the NFP numbers.