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progree

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13. And the ADP only does 20% of the nation's payroll. The other 80% is an estimate based on

Fri Jul 7, 2023, 09:36 AM

Jul 2023

a lot less data than what the BLS gathers.

The ADP numbers cover only about 20% of the nation's private workforce.
https://www.federalreserve.gov/newsevents/speech/powell20191008a.htm

the ADP National Employment Report and ADP Small Business Report are derived from ADP payroll data representing 460,000 U.S. clients and nearly 26 million workers
https://finance.yahoo.com/news/september-2021-adp-national-employment-121500533.html

Google: ADP vs. Bureau of labor statistics job numbers

As for the BLS, there are 2 surveys -- Establishment (that produces the headline payroll jobs numbers, 209,000 in today's report),
and Household (a survey of 60,000 households) that produces the unemployoment rate, the labor force participation rate, and numerous other statistics including its own Employment number that is a lot more volatile than the Establishment Survey.

BTW for a bit of good news, the unemployment rate fell from 3.7% in May to 3.6% in June (according to the Household Survey)

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Payrolls rose by 209,000 in June, less than expected, as jobs growth wobbles [View all] Joe Cool Jul 2023 OP

Oh, stop it! You're falling into the same line we're hearing too... TreasonousBastard Jul 2023 #1

Yesterday's job news was off the charts - we need to balance it with more tepid job numbers... Probatim Jul 2023 #2

It's the title of the article Joe Cool Jul 2023 #30

Yes, but while article was largely positive, most people just see... TreasonousBastard Jul 2023 #31

Seems to be a real disparity between ADP figures and official BLS data OnlinePoker Jul 2023 #3

ADP is not a reliable source for this data. It's just a private payroll service. PSPS Jul 2023 #18

So, where are all the cheerleaders from yesterday's House of Roberts Jul 2023 #4

I was thinking the same thing. underpants Jul 2023 #8

Maybe they added the jobs but don't plan to pay them...great business plan mpcamb Jul 2023 #9

It's 2 different data sets BumRushDaShow Jul 2023 #10

And the ADP only does 20% of the nation's payroll. The other 80% is an estimate based on progree Jul 2023 #13

Thank you! BumRushDaShow Jul 2023 #20

Payroll jobs growth (Establishment Survey) vs. Employed (Household Survey) progree Jul 2023 #25

Glad you are back up and holding! BumRushDaShow Jul 2023 #26

Interesting rolling 3 month average graph of headline nonfarm payroll jobs progree Jul 2023 #27

See you got me playing with the charts there BumRushDaShow Jul 2023 #28

Interesting how so much the same (as expected) and yet somewhat different progree Jul 2023 #29

I see your graph disappeared. It uses to be that copying and pasting a BLS graph's URL progree Jul 2023 #34

I'm guessing they kill the hotlinks after awhile BumRushDaShow Jul 2023 #35

209,000 is still a great number Johnny2X2X Jul 2023 #11

CNBC LOL, gab13by13 Jul 2023 #5

Lower numbers reduce potential for more rate hikes. NoMoreRepugs Jul 2023 #6

The MSM has been beating this a recession is coming ever since Biden's doc03 Jul 2023 #7

The beating will continue until morale improves IronLionZion Jul 2023 #12

How else can they get Republicans to win next year's elections. Yavin4 Jul 2023 #21

LINKS to some BLS Data Series Numbers and Graphs progree Jul 2023 #14

This story is directly contradicted by story from the same source here: Fiendish Thingy Jul 2023 #15

No, yesterday's report is the ADP payrolls report progree Jul 2023 #16

I am criticizing the meaning ascribed to each report Fiendish Thingy Jul 2023 #17

OK, the big difference between 497,000 private sector jobs and 209,000 total jobs progree Jul 2023 #19

My criticism was of the quality of CNBC's reporting Fiendish Thingy Jul 2023 #23

I didn't have much of a problem myself with it, except I wouldn't use "wobbly" for today's progree Jul 2023 #24

so, the stock market went down....why? Skittles Jul 2023 #32

I dunno. Yesterday the S&P 500 went DOWN 35 points after a +497k private sectors job report progree Jul 2023 #33

None of these numbers are precise. Yavin4 Jul 2023 #22