Update USA ADP Employment Survey

Employment continues to do well in the U.S. with the addition of 177,000 in nonfarm payrolls. While the current addition is less than previous months, it is inline with the upward trend of around 200,000 per month addition. The current level of 177,000 is better than 4 of the past 12 months. It will be increasingly more difficult to add in employment numbers as the unemployment rate continues to drop.