| ADP | BLS | ||
| August | 67,000 | 104,000 | |
| September | 105,000 | 210,000 | |
| October | 142,000 | 120,000 | |
| November | 226,000 | 157,000 | |
| December | 267,000 | 223,000 | |
| January | 182,000 | 275,000 | |
| February | 228,000 | 240,000 | |
| March | 201,000 | 120,000 | Preliminary |
| April | 119,000 |
If there is something to conclude here, other than a consistent creation of jobs, then I can’t see it. The ADP report was higher than the BLS survey 4 times since last August and lower 4 times. But this is quite clear:
Total BLS payrolls in blue and total ADP in red.
Filed under: Uncategorized, ADP, BLS, equity analysis, macroeconomics, nonfarm, payrolls, Scott Murray
