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

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

***********************
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