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Chart of the Day: ADP employment

Chart courtesy - ADP employment report

This chart of ADP employment showing lots of volatility lately. While signs are there of a strong labor market but the weakness of the recent past continues to pose doubts, whether the labor market is reaching a tipping point or not.

The average gains in past 12 months have been 185K and in 50 percent of cases, the number of jobs addition have been lower than the average.

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