Listen, people should just ignore the ADP numbers. Investment pro’s do.
They hardly move the market at all, because they’ve shown little to no useful predictive skill of anything macro-economic. Their methodology is so wrought with error and selection bias that the numbers oscillate wildly from month to month, and have little correlation with the BLS numbers.
Hardly great numbers but I think they have been improving all year. The biggest number I am worried about it that almighty unemployment rate. It cannot go below 7.8 because that is what the unemployment rate was when he started and we cannot give him 5 days of “see it is down from when I started”...
We created 162,000 jobs in September, THE MOST IN SEVEN MONTHS!!!!!
...oops we really only created 88,000...
WE CREATED 151,000 JOBS IN OCTOBER, THE MOST IN EIGHT MONTHS!!!!
The day after the election -- ...oops...
:: This is especially welcome news after the ADP revision showed that since February 2012, 402,000 fewer jobs were created than previously thought. ::
So, will BLS revisit the Unemployment Index and revise it upward in those months since February?
Bueller? Bueller?
It would be nice to actually hire people that can do math in this positions. If I submit work that constantly needs correction, I would be fired for cause.