Conversely, ifyou will, if the qualifications for fiveconsecutiveyearswithoutreading, no matterwho, willbechangingtimesrelentlesslyabandoned, thisisnot delibratelysensationalizing!
Although the ADP report was in line with market estimates, it was, according to Joel Prakken, chairman of Macroeconomic Advisers, the third consecutive weak reading and confirms the recent deceleration of employment.
In remaining above the midpoint of 50 for the fourth consecutive month, the reading still signalled an expansion in activity but at a slightly reduced pace.