Wednesday, December 5, 2007

Factory Orders & ADP Jobs Data Up

The ADP employment report for November showed US private sector jobs increased by 189,000, while last month's data was revised upward to 119,000.

Factory orders increased 0.5% in October, no change had been expected. Excluding transportation, orders were up 0.6%.

The ISM Non-Manufacturing Index fell 1.7 to 54.1 in November. New orders declined from 55.7 to 51.1, while prices paid rose from 63.5 to 76.5.

Final 3Q Non-farm productivity was revised upward from an annualized rate of 4.9% in the preliminary reading to 6.3%, unit labor costs fell 2.0%. More from Bloomberg...