ADP
HERE is a link to the data — from ‘the horses mouth’ — so to speak.
HERE is ZH offering a snark reminder and context of the data point,
ADP Signals Biggest Job Gain Since May (Ahead Of Omicron)
ADP reported private payrolls rose a stunningly better than expected 807k in December (almost double the 410k expectation and compared to the 384k expectations for payrolls on Friday).
“Job gains were broad-based, as goods producers added the strongest reading of the year, while service providers dominated growth. December’s job growth brought the fourth quarter average to 625,000, surpassing the 514,000 average for the year. While job gains eclipsed 6 million in 2021, private sector payrolls are still nearly 4 million jobs short of pre-COVID-19 levels,"said Nela Richardson, chief economist, ADP…
Crawling back underneath the rock from which I came because best I reckon, RATES MARKET — aggressively UNCH — reflex is most puzzling. 5yy HOURLY starting to leak a touch higher,