New ADP Count Slashes Job Creation for September (Adjusted down to 88,200 from 162,000)

CNBC ^ | 10/31/12

[GOPinCa]

Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.ADP's new calculations put the monthly job creation at just 88,2000, down from the 162,000 the firm originally reported earlier this month.

The firm recently has entered into a partnership with Moody's Analytics that will change the way the private payroll count is calculated.

ADP will announce its October count on Thursday, with the Labor Department to follow on Friday.

ADP is expected to announce a further revision to the September count along with its October totals.

In announcing the partnership Oct. 24, the two firms said the partnership will help align the private sector job count with the Labor numbers.

At the same time, the new reports will provide a more detailed breakdown of the numbers while expanding the number of businesses that participate.

ADP occasionally has come under criticism for releasing data that is often widely disparate with the government's final count.

[Eleutheria5]

It’s October. Surprise.

[generally]

My guess is that since they are revising last month’s numbers downward, that will make this month’s look better by comparison! They will be able to report a bigger gain or a smaller loss.

Of course most everything they say is a lie or spin anyway.

[Hillarys Gate Cult]

Would have surprised me if they weren’t good numbers for Obama. How much the MSM beats the drum on these job numbers will be telling. They got taken in with the last ones.