Big revisions in ADP data add up to a pass


In addition to March's gain of an inline 191K jobs, February's previously reported 139K print is revised higher by 39K jobs to 178K, but January's 175K gain is cut by 57K to 121K. December and November are revised lower as well, but October is higher.

Full report

The bottom line: Why are we talking about this? Let's wait until Friday.

Comments (13)
  • bbro
    , contributor
    Comments (11194) | Send Message
     
    2.246 million job growth over the past year....recession far away....
    2 Apr 2014, 08:29 AM Reply Like
  • Big Bad Bulls
    , contributor
    Comments (274) | Send Message
     
    about 2/3 part time
    2 Apr 2014, 09:13 AM Reply Like
  • bbro
    , contributor
    Comments (11194) | Send Message
     
    According to Household survey over the last year,,,full time workers increased by 2.036 million...
    part time workers due to economic reasons declined .805 million
    2 Apr 2014, 09:36 AM Reply Like
  • sarichter
    , contributor
    Comments (571) | Send Message
     
    That's just a false sense of reality. check the statistics... hourly wages and amounts of hours work both have been going up. Too many people make this 'part-time' argument... I can only imagine that it's those whose job environments are changing stating this. The rest of us who are getting different types of jobs, adapting to new working environments, or educating ourselves with additional skill-sets are gainfully employed!

     

    Low-brow manufacturing is a thing of the past. High-tech manufacturing is the present and the future... it requires a different skill-set. Get aboard or stay on the island and starve.
    2 Apr 2014, 10:20 AM Reply Like
  • Big Bad Bulls
    , contributor
    Comments (274) | Send Message
     
    Hourly wages have been going up at a very slow rate. Check it out at the Bureau of Labor and Statistics site. Wages are going up right at 2% yearly over the last 4 years. So although they have been going up, they have been going up much slower than in previous "recoveries". I will look for some part time job data as well. I suspect it will be very different that what was reported up above.
    3 Apr 2014, 09:06 AM Reply Like
  • Big Bad Bulls
    , contributor
    Comments (274) | Send Message
     
    Weekly hours from the same site:

     

    Hours worked Dec 2010 34.3
    Hours worked Dec 2011 34.5
    Hours worked Dec 2012 34.5
    Hours worked Dec 2013 34.4

     

    Statistics are not exactly supporting what you stated.
    3 Apr 2014, 09:21 AM Reply Like
  • permanent
    , contributor
    Comments (443) | Send Message
     
    Not a bad number but not great after such a long winter only a small rebound. Lots of part time Jobs due to Obama care.
    2 Apr 2014, 08:36 AM Reply Like
  • june1234
    , contributor
    Comments (4249) | Send Message
     
    When you read all these revisions makes you wonder if a kid is putting these numbers together that or someone with a prescription to medical marijuana
    2 Apr 2014, 08:41 AM Reply Like
  • bbro
    , contributor
    Comments (11194) | Send Message
     
    June...taking Northwestern's Statistics 325 course might help...

     

    http://bit.ly/1jYea1p
    2 Apr 2014, 08:49 AM Reply Like
  • june1234
    , contributor
    Comments (4249) | Send Message
     
    Taking one in sense of humor might help you, but I doubt it
    2 Apr 2014, 08:55 AM Reply Like
  • Tom Armistead
    , contributor
    Comments (6198) | Send Message
     
    ADP adjusts their figures in an attempt to match what the government reports.

     

    As an accountant I did payroll, or supervised the process, and I am very confident that all new employees get a paycheck on their first payday.

     

    ADP has access to this information and if they just reported it unadjusted what they do would be extremely valuable. Paychex, et al have the same info. I will never understand which the government doesn't require the payroll companies to report new hires in a consistent format, they have the info.
    2 Apr 2014, 09:28 AM Reply Like
  • ilikemoney
    , contributor
    Comments (17) | Send Message
     
    Consistent? That would make it tougher to manipulate then. We can't have that.
    2 Apr 2014, 04:38 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13188) | Send Message
     
    The error is so big this data is meaningless. Junk in junk out. I agree with Tom Armistead that actual information should be disclosed and let the pundits determine what they want from "fact" not contrivances.
    3 Apr 2014, 01:36 AM Reply Like
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