Gavekal Capital: ADP Employment Report Rises To 13 Month High

Wednesday, January 8, 2014

ADP Employment Report Rises To 13 Month High

ADP showed a monthly increase of 238,000 jobs in December. This was the largest gain since November 2012. Perhaps most importantly for the labor market the gain was led by small firms (1-49 employees) which hired about 108,000 people in December. This was the largest increase for small firms since February 2012.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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