Jon C. Ogg, January 7, 2009
This is a revised number with new methodology, but ADP’s job loss number predictions for December are off the chart. ADP had previously been under expectations where Wall Street economists were 500,000 non-farm payroll losses. This new revised target from ADP is now showing that ADP expects to see a contraction in total jobs by a whopping 693,000 in December. The breakdown is as follows: * Small businesses -281,000
* Medium businesses -321,000
* Large businesses -91,000 OR BY SECTOR * Goods-producing sector -220,000
* Service-providing sector -473,000
ADP Sees December Job Losses Off The Charts
