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The ADP Report and Sandy

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  • Description

    FBN's Adam Shapiro on Hurricane Sandy's impact on November employment.

  • Duration 1:10
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Fewer than expected jobs added in the private sector that according to the latest ADP employment numbers out today but the question is did super stole the sandy put a damper up on those latest numbers -- Adam Shapiro.

Following that story and joins us now with more out of and the answer to that Ashley is yes for the capital why -- the numbers according to ADP they're saying that in November.

Private payrolls added 1181000.

Jobs now that's down from the revised 157000.

In October.

And it's far fewer than the 200000.

That would have been created according to ADP's.

And Moody's analytics chief economist Mark Zandi.

Why because of -- hurricane sandy superstore in sandy.

We lost 86000.

Private jobs private sector jobs in that is a big problem.

Keep in mind too that ADP you know -- a different.

Formula.

To come up with their figures on Friday when we -- the number from the Labor Department about private sector payroll creation it's going to be different than this number this number reflects what ADP believes will be.

The final revision for November.

When we get that three months out.

-- all right good point Evan Shapiro thank you so much.

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