By Jill Mislinski
In Wednesday morning's ADP employment report, we got the February estimate of 183K new nonfarm private employment jobs from ADP, a decrease over January's revised 209K. The popular spin on this indicator is as a preview to the monthly jobs report from the Bureau of Labor Statistics.
Here is a snapshot of the monthly change in the ADP headline number since the company's earliest published data in April 2002. This is quite a volatile series, so we've plotted the monthly data points as dots along with a six-month moving average, which gives