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Steven Hansen's  Instablog

Steven Hansen
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Steven Hansen is an international business and industrial consultant specializing in turning around troubled business units; consults to governments to optimize process flows; and provides economic indicator analysis based on unadjusted data and process limitations.
My company:
Econintersect LLC
My blog:
Global Economic Intersect
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  • John Lounsbury
    , contributor
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    My review of the data shows that the old ADP data was in closer agreement with backwards revised BLS data later than with the initially announced BLS data. So if they made adjustments to move closer to the as-announced BLS results they have diminished the value of their report.

     

    I believe that Steve has previously said (although not here) that he felt the ADP number was a better representation of employment in real time, which would be in agreement with my observation.
    3 Nov 2012, 11:35 PM Reply Like
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