Key takeaways:
ADP and BLS often differ because:
- ADP measures only private‑sector payrolls, while BLS includes government jobs.
- Methodologies differ (ADP uses payroll processing data; BLS uses surveys).
- Strikes and government employment swings affect BLS but not ADP.
This month, the divergence is amplified by:
- Health‑care strikes (hurting BLS numbers)
- Government job declines (also BLS‑only)
- Solid private‑sector hiring (captured by ADP)
🧭 Bottom Line
- BLS: –92,000 jobs → signals weakness, driven by strikes and government job losses.
- ADP: +63,000 jobs → signals moderate private‑sector resilience.
Health and education, eh? More “learing centers” and appointment shuttle services? 😏