January 2013 ADP Employment Report: More job growth.

A quick run down of ADP's post adjustments: November 2012 was continuously adjusted upward from an initial 118,000 jobs, to 148,000 last month, to the final 173,000 tally in this month's report.  December 2012 was adjusted downward from 215,000 to 185,000.  I think it's safe to say that the BLS' January report (out this Friday) will show an upward adjustment to its December data.

According to ADP, January 2013 resulted in the creation of 192,000 jobs.  Not as good as last month's headline number, but it is better than last month's revised number, and if ADP's report is to be trusted, this would mark five straight months of accelerating jobs growth.

Here's a guess: conservatives will go into fits of rage if Friday's BLS report reflects similar numbers, saying that this data does not jibe with the negative GDP.  Mind you, in the previous post, the first thing I pointed out was that nominally, Q4-2012 seasonally-adjusted GDP increased 0.5%.