Latest Breaking News
In reply to the discussion: U.S. payrolls rise by 228,000 in March, but unemployment rate increases to 4.2% [View all]progree
(12,710 posts)I have no idea.
The ADP numbers cover only about 20% of the nation's private workforce.
https://www.federalreserve.gov/newsevents/speech/powell20191008a.htm
the ADP National Employment Report and ADP Small Business Report are derived from ADP payroll data representing 460,000 U.S. clients and nearly 26 million workers
https://finance.yahoo.com/news/september-2021-adp-national-employment-121500533.html
(4/4/25: the page no longer exists but trust me, or check archive.org)
Google: ADP vs. Bureau of labor statistics job numbers
Another important difference is that the ADP is private workforce payrolls, while the BLS's headline payroll jobs includes government jobs.
# Nonfarm Employment (Establishment Survey, https://data.bls.gov/timeseries/CES0000000001
Monthly changes: https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth
# Nonfarm PRIVATE Employment (Establishment Survey, https://data.bls.gov/timeseries/CES0500000001
Monthly changes: https://data.bls.gov/timeseries/CES0500000001?output_view=net_1mth
^-Good for comparison to the ADP report that typically comes out a few days earlier
In July about 14.7% of employees were in government jobs
=============
The ADP report is often way different than the BLS report, even when comparing private workforce numbers. Under all kinds of administrations.