Monday, July 9, 2012

ADP Payroll Report might be better than BLS

I heard some commentators on the radio discussing the difference between the ADP employment report for June (+176,000) and the BLS non farm payroll number (+80K).

We believe the ADP numbers are more accurate actual number. Here's why.

The number are projections from an actual payroll system, not surveys. The data are based on new employees paid from ADP. Each one unique and trackable. There is much less bias in the these numbers because people want to get paid. The same

The BLS survey is subject to sampling error and seasonal fluctuations. There is less of an incentive to answer the BLS survey.

So right now, we are watch the ADP payroll number and the weekly jobless claims

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