Wednesday, February 1, 2017

Trump Excitement! January Payrolls Crush Estimates -- ADP -- February 1, 2017

ADP: up 246,000! Forecast: private sector to add 160,000 jobs.

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Saudi Oil Imports

Previous posted data here.

For November, 2016:


Observations:
  • second lowest November in history (November, 2009, global recession)
  • almost 20% lower year-over-year
  • cut in OPEC production not yet in place; to begin late December, 2016 -- official start January, 2017; to last six months
  • compare November, 2016, Saudi imports with March, 2016 -- a 25% drop
  • look at November in years 2008, 2009, and 2016

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