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.
Good information to clarify the number of jobs lost, which now looks like good news since that includes government jobs lost.
I watch business news every day.
Today - one huge Hard Left data dump on Trump, on the Trump economy, and on the Trump War.
I was really depressed by the jobs report, until little details like government lay offs and private employers started to leak through the headline numbers.