ADP Jobs Number for February Misses
ADP Jobs number for February came in at 139K vs. 150K Bloomberg estimate
January 175K revised to 127K
December 227K revised to 191K
November 289K revised to 245K
October 206K revised to 196K h/t @zerohedge for previous months revisions
Mark Zandi who helps ADP calculate these jobs numbers said on CNBC he believes weather was the main factor for the weak numbers. He expects a snap-back higher to normal trend in the coming months ahead. The main example he used was lawyers couldn’t get to work due to the storms in the last couple of months.