October - GAINED a revised 47,000 workers in all sectors.
November GAINED 90,000 workers in all sectors.
What am I missing? Oh, I see. This is BS from CNBC. Got it!
ADP is actually one of the data points people should pay attention to.
It is a true, raw data metric. It’s not a survey and it’s not a guess. It’s how many people are getting paid. There is not a clearer or more simple measure out there.
CNBC is just the deliverer of the news.
“November GAINED 90,000 workers in all sectors. What am I missing?”
There are two numbers, large business which added 90k, and small business which cut 120k, so add those together and you get an overall job loss of 30k across all sectors.