This is more of the data you’re not looking for…

19 Jul This is more of the data you’re not looking for…

Posted at 15:39h in Uncategorized by Sara Causey 0 Comments

Photo credit to: https://unsplash.com/@markuswinkler

“ADP said Thursday it will pause the release of its private-sector employment report as it ‘retools’ the methodology to make it ‘a more robust, high-frequency view of the labor market and trajectory of economic growth.’

The ADP report has attracted criticism for being overly optimistic predicting private payrolls, compared with the Labor Department’s more comprehensive official tally of job creation, which is usually released two days after the ADP survey.”

-ADP Will Revamp Private-Sector Jobs Report After Criticism; https://www.barrons.com/articles/adp-revamp-jobs-report-criticism-accuracy-51656588208

Stay alert. Stay aware. Please do not be caught off-guard as the job market changes.

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