Posted on 09/06/2013 5:30:46 AM PDT by Perdogg
Labor Participation is 63.2%, which is a 35 year low.
Agree. Big disconnect. Makes me wonder if the NFP will catch up. At the end of the day though, the recent data has been decidedly mixed. It continues to point to <2% GDP growth as the new normal.
ADP V NFP June-July-August; June and July are post revision:
ADP-NFP
198k 178k (87% of ADP)
198k 104k (52% of ADP)
176k 169k (97% of ADP)
ADP Average: 191k
NFP Average: 148k (78% of ADP)
Two month moving average
ADP 187k 137k (73% of ADP)
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