ADP excludes government jobs. It’s also notoriously volatile and has a history of big misses in forecasting the official Labor Department payroll report. But perhaps most important is that it just doesn’t jibe with other recent data points — or the recovery’s pace.
Continue reading Take the ADP Jobs Number With a Boulder of Salt
Take the ADP Jobs Number With a Boulder of Salt originally appeared on DailyFinance on Wed, 05 Jan 2011 15:25:00.