The ADP Job Report for December was released this morning with some pretty good upbeat news. The private-sector created 325,000 jobs for the month with jobless claims falling 15,000 to 372,000 for the latest week. Economists had anticipated the ADP to report a number closer to 178,000 in terms of private job creation. Initially, the markets responded very well to the news, but as I write this now they have since subsided.
As I mentioned yesterday, this little consolidation move from the large gap up on Tuesday to start the year is very healthy for a continued uptrend.
Past performance is no guarantee of future results.
Eric Marvin, CFP®, CRPC®
JPT010512-043
