On December 6th ADP said Private-sector jobs rise 158,000 in November. Hiring...

On December 6th ADP said Private-sector jobs rise 158,000 in November. Hiring pace is consistent with 'modestly below-trend' economic growthBased on a string of huge misses by ADP, I predicted the official November numbers would badly miss as well, coming in at 88,000. Bart at NowAndFutures predicted 116,500. I offered to wager a box of Omaha Steaks (10-oz ribeyes) on the outcome. Fortunately for me Bart declined. ADP was indeed high but I would have lost the bet. Here are the official employment numbers for November 2006.

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