Whoa! The 10x Difference Between TrimTabs December Jobs Estimate of 38,000 New Jobs and ADP's Estimate of 325,000 Begs an Explanation

``Given the trends in tax withholdings the last few months, there is no way that job growth was a whopping 325,000 in December, certainly not permanent job growth. If there was a big jump in permanent job growth in December we would have seen it in our other real-time indicator, TrimTabs Online Jobs Index. That index, however has declined 8.0% since October which means that hiring managers are sitting on the sidelines until more clarity emerges about economic growth this coming year. ''