ADP employment data
- Worst since March 2010
- Prior was 275K (revised to 271K)
- Service providing +71K
- Goods producing -43K
That's a weak one. ADP misses badly and that's going to set off some jitters. USD/JPY is quickly down to 108.16 from 108.33.
Small firms were responsible for the miss as companies with 1-19 employees reported 50K job losses while those with more than 1000 employees added 59K.
