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

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  •  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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