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View Diary: ADP reports 162,000 new private jobs were created in September (50 comments)

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  •  It seems that the ADP provides an indicator (1+ / 0-)
    Recommended by:
    mirandasright

    for the direction, growth or loss of jobs, rather than an exact number of jobs gained or loss.

    And fear not them which kill the body, but are not able to kill the soul: but rather fear him which is able to destroy both soul and body in hell. Matthew 10:28 KJV

    by looking and listening on Wed Oct 03, 2012 at 06:03:57 AM PDT

    •  The BLS does not provide an exact number... (2+ / 0-)
      Recommended by:
      Egalitare, navajo

      ...It's calculation is affected by seasonal adjustment, and includes a formula for how many businesses began and failed in the month, among other things. So the number we see is an estimate.

      Don't tell me what you believe, show me what you do and I will tell you what you believe.

      by Meteor Blades on Wed Oct 03, 2012 at 06:14:34 AM PDT

      [ Parent ]

      •  Ok. Thanks for the info. Explains a lot. (0+ / 0-)

        Does the ADP provide an exact number or is theirs' an estimate, too?

        And fear not them which kill the body, but are not able to kill the soul: but rather fear him which is able to destroy both soul and body in hell. Matthew 10:28 KJV

        by looking and listening on Wed Oct 03, 2012 at 06:18:53 AM PDT

        [ Parent ]

        •  ADP number is also seasonally adjusted... (2+ / 0-)
          Recommended by:
          navajo, no way lack of brain

          ...In the second half of this piece, starting with paragraph no. 9, you can find more information on the BLS numbers. Excerpt:

          The bottom line in all this? It's not a conspiracy. But when you hear those "headline" numbers Friday, you shouldn't take them literally. If you hear that 50,000 new jobs were created, which would be more than May and June combined, and that the unemployment rate has remained steady at 9.2 percent, take a deep breath and apply some caveats.

          Don't tell me what you believe, show me what you do and I will tell you what you believe.

          by Meteor Blades on Wed Oct 03, 2012 at 06:23:53 AM PDT

          [ Parent ]

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