ADP Private Sector Jobs +206,000.
Previous was 110,000. Consensus was 130,000. This will revise upwards expectations for Friday's BLS Employment Situation Report.
Challegner Job-Cuts for November were 42,474.
This strong jobs data coupled with what is perceived to be some solution to the Eurozone crisis is rallying equities and hammering Treasurys sending yields and mortgage rates higher.
MBA Applications (week ending 11/25)
Composite Index - Week/Week -11.7 %
Purchase Index - Week/Week -0.8 %
Refinance Index - Week/Week -15.3 %
This data is of little meaning because of Thanksgiving.
NAR Pending Home Sales
Pending Home Sales Index - 93.3
Pending Home Sales Index - Month/Month change +10.4%
Worker Productivity/Unit Labor Costs
This is for 3rdQ2011
Nonfarm worker productivity - Quarter/Quarter +2.3 %
Unit labor costs - Quarter/Quarter -2.5 %
What is troubling in the long term is the decrease in the past 3 years of Worker Productivity (GDP/hour worked.)
Business Barometer Index for the Chicago area was 62.6 - above previous and consensus.
What we have is a tug-of-war between some good domestic economic fundamentals and whatever the effects of the EU crisis will be.