December ADP Jobs Report Blows Away Estimates at +800,000

[progressive hunter]

"I know data and stats are never real "

my wording was poor and I went back and corrected it,,

sorry for the confusion,,

 

[Harpy Eagle]

my wording was poor and I went back and corrected it,,

sorry for the confusion,,

Then I withdraw my comment as well

 

[progressive hunter]

Then I withdraw my comment as well

can I assume since you dont comment on the new wording you agree with it??

 

[Harpy Eagle]

can I assume since you dont comment on the new wording you agree with it??

I do not agree with it. It is what I do for a living and if my preliminary numbers were not "real" I would not have a job for long.

 

[progressive hunter]

I do not agree with it. It is what I do for a living and if my preliminary numbers were not "real" I would not have a job for long.

we are talking about government workers not you,,

 

[Harpy Eagle]

we are talking about government workers not you,,

That does not change how the job is done....also ADP is not government workers.

 

[progressive hunter]

That does not change how the job is done....also ADP is not government workers.

it changes the expectations,,

are you calling the ADP correct and BLS wrong??

 

[Harpy Eagle]

it changes the expectations,,

As the husband of a government employee, I would disagree.

are you calling the ADP correct and BLS wrong??

I have no good way of knowing which is more accurate, perhaps the answer lies in the middle. Personally I would like to think ADP is more accurate as that would be good news for the country, and I like good news for the country.

 

[progressive hunter]

As the husband of a government employee, I would disagree.



I have no good way of knowing which is more accurate, perhaps the answer lies in the middle. Personally I would like to think ADP is more accurate as that would be good news for the country, and I like good news for the country.

so what I said is correct and the numbers you defended the other day are not correct,,

no need to apologies I have already accepted your surrender,,

 

[Harpy Eagle]

so what I said is correct and the numbers you defended the other day are not correct,,

no need to apologies I have already accepted your surrender,,

No, what you said is not correct. But I can understand why you think so.

 

[progressive hunter]

No, what you said is not correct. But I can understand why you think so.

so when I said I dont trust the numbers I was wrong??

thats funny because your comment proved me right,,

I wonder,, are your fingers shaking as you try and spin this fact??

 

[Harpy Eagle]

so when I said I dont trust the numbers I was wrong??

thats funny because your comment proved me right,,

I wonder,, are your fingers shaking as you try and spin this fact??

you called the numbers fake, that is not the case.

And again, why do you think you bother me at all with your stupid post?

One of us does this for a living and the other is clueless about the topic

 

[progressive hunter]

you called the numbers fake, that is not the case.

And again, why do you think you bother me at all with your stupid post?

One of us does this for a living and the other is clueless about the topic

as you stated they arent real,, hence fake,,

not sure why you insist on making it personal unless you know I'm right and have nothing left,,

 

[Harpy Eagle]

as you stated they arent real,, hence fake,,

Once again, I never said they were not real, why do you keep lying about me?

not sure why you insist on making it personal unless you know I'm right and have nothing left,,

quit lying about me and I will quit making it personal...deal?

 

[citygator]

There is always a small discrepancy between BLS and ADPs report. This is obviously a very large one which we haven’t seen in a long while. Still adding.

Both the ADP-NER and the BLS Employment Situation reports issue monthly non-farm payrolls data for the U.S. However, there are several significant differences between the two.

• The ADP (ADP) estimate includes only private non-farm payrolls, while the BLS estimate includes both private and government non-farm payrolls. The private payrolls estimate was 220,000 in the ADP-NER, while the BLS estimated the number at 273,000 in April.
• The ADP releases just one estimate for non-farm payrolls addition, while the BLS releases an initial figure that’s revised twice to include results from companies that sent their responses late. The first BLS estimate includes results from ~70% of the survey size, while the second and third revisions include an additional 20% and 1% to 2% of survey responses, respectively.
• The ADP-NER releases two days prior to the BLS non-farm payrolls release, which gives markets a heads-up on the BLS number.
• Although the ADP data base and survey methodology are different from the sample used to compute the non-farm payrolls report issued by the Bureau of Labor Statistics (the BLS), ADP has estimated the data correlation between the private payroll additions reported in the ADP-NER and the final BLS Employment Situation report at ~0.96.
  
  
  Why you should know the key differences between job reports

  Few economic releases elicit as much reaction from both the stock (IVV) and bond (BND) markets as the employment reports issued by Automatic Data Processing (ADP) and the Bureau of Labor Statistics (the BLS).

  marketrealist.com

 

[citygator]

Click the link before you embarrass yourself next time. The OP article got the fake data from ADP, a private payroll processing company.

Not fake data twerp. Read post above.

 

[progressive hunter]

Once again, I never said they were not real, why do you keep lying about me?



quit lying about me and I will quit making it personal...deal?

when I said they werent real you called me a liar which means you claimed they are real,,

 

[marvin martian]

There is always a small discrepancy between BLS and ADPs report. This is obviously a very large one which we haven’t seen in a long while. Still adding.

Both the ADP-NER and the BLS Employment Situation reports issue monthly non-farm payrolls data for the U.S. However, there are several significant differences between the two.

• The ADP (ADP) estimate includes only private non-farm payrolls, while the BLS estimate includes both private and government non-farm payrolls. The private payrolls estimate was 220,000 in the ADP-NER, while the BLS estimated the number at 273,000 in April.
• The ADP releases just one estimate for non-farm payrolls addition, while the BLS releases an initial figure that’s revised twice to include results from companies that sent their responses late. The first BLS estimate includes results from ~70% of the survey size, while the second and third revisions include an additional 20% and 1% to 2% of survey responses, respectively.
• The ADP-NER releases two days prior to the BLS non-farm payrolls release, which gives markets a heads-up on the BLS number.
• Although the ADP data base and survey methodology are different from the sample used to compute the non-farm payrolls report issued by the Bureau of Labor Statistics (the BLS), ADP has estimated the data correlation between the private payroll additions reported in the ADP-NER and the final BLS Employment Situation report at ~0.96.
  
  
  Why you should know the key differences between job reports

  Few economic releases elicit as much reaction from both the stock (IVV) and bond (BND) markets as the employment reports issued by Automatic Data Processing (ADP) and the Bureau of Labor Statistics (the BLS).

  marketrealist.com

You should delete this thread since you posted obviously fake data in your OP.

 

[citygator]

Great unemployment report! Only 3.9% unemployment. We are basically at full employment.

 

[citygator]

You should delete this thread since you posted obviously fake data in your OP.

Different measures. Anyhow what do you think about the 3.9% unemployment rate? We are at full employment which is a great economic indicator.