Statistics Script

Search This Blog

Friday, July 08, 2011

ADP jobs survey encouraging



http://scottgrannis.blogspot.com/2011/07/adp-jobs-survey-encouraging.html

3 comments:

Gene Prescott said...

The June 'Establishment' and 'Household' surveys came in almost opposite to the ADP survey (ie, weak job increase). They can't all be correct, so expect something to be changed by somebody (maybe everybody) for June sometime in future.

Gene Prescott said...

ADP Says Private Sector Added 114,000 Jobs in July

ROSELAND, N.J. (AUGUST 3, 2011)
BY MICHAEL COHN, ACCOUNTING TODAY

Private sector employment increased by 114,000 from June to July, according to payroll giant ADP, with small businesses adding 58,000 jobs.


http://tinyurl.com/3fjea9f

Gene Prescott said...

It appears that the 'original' June estimate of 157K jobs has now been revised to be 145K jobs. Even at 145K, the ADP numbers are much stronger than the 'Establishment' and 'Household' surveys most government forecasters use.