by Mike ‘Mish’ Shedlock
After a manufacturing surge in November due to the end of the GM strike, the manufacturing sector shrank by 12,000.
Jobs came in worse than expected. ADP forecast a 202,000 jobs.The Bloomberg consensus was 157,000 jobs.
The GM strike ended last month causing a huge surge in manufacturing and auto parts jobs in November. For December, manufacturing unexpectedly fell by 12,000 jobs.Manufacturing was a one-hit, no-wonder, in this corner.