Macroeconomic Advisers, for example, raised their fourth-quarter GDP tracking forecast by 0.3 percentage point to 2.3%.
The ADP National Employment is produced by Automatic Data Processing, in partnership with Macroeconomic Advisers.
The ADP report, which is published jointly with Macroeconomic Advisers, does not include government jobs.
Macroeconomic Advisers adjusted its expected third-quarter growth rate to 2.4% from 3% after the trade data appeared.
Joel Prakken, chairman of Macroeconomic Advisers, told Forbes that he expects the bad numbers to continue into 2010.
Macroeconomic Advisers, for example, lifted its third-quarter prediction to 2% from 1.6% and fourth-quarter estimate to 1.4% from 1.3%.
Macroeconomic Advisers, a consultancy, reckons that the plan, if fully implemented, would boost GDP by 1.25% next year and employment by 1.3m.
Macroeconomic Advisers, a consultancy, says the new package could raise growth to 4.3% next year, up from its current forecast of 3.7%.
Macroeconomic Advisers estimates that consumers spent only 30% of their rebates.
ECONOMIST: A poor second half could boost the odds of more stimulus
The employment report is a monthly survey is compiled for ADP -- which provides data from the large number of payrolls that it outsources for other companies -- by Macroeconomic Advisers.
Although the ADP report was in line with market estimates, it was, according to Joel Prakken, chairman of Macroeconomic Advisers, the third consecutive weak reading and confirms the recent deceleration of employment.
But the forecasting firm Macroeconomic Advisers, which prepares the report with ADP, warned Wednesday that its estimate of December job growth might have been stronger than merited because of seasonal-adjustment problems specific to the ADP data set.
And in case of the Senate economic plan, jobs plan that was put forward, I believe it was Macroeconomic Advisers said that if it were implemented right away, including the balanced budget amendment, it would cost millions of jobs.
Macroeconomic Advisers produces a monthly U.S. real GDP series and it shows that the peak was in April, as we expected, with both May and June down 0.4% in the worst back-to-back performance since the economy was crying Uncle!
FORBES: Despite A Slow Recovery, The Future Will Eventually Be Bright
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