The puzzle stays: regardless of an under-consensus 99K addition to personal ADP-Stanford NFP (far under consensus 144K). ADP cumulative change above CES cumulative change,...
Recall the preliminary benchmark deducted 818K from the March NFP studying.
Determine 1: Stage of nonfarm payroll employment from CES (blue), implied from CES preliminary benchmark...
The ADP survey cumulative improve in personal NFP since 2023M03 is 3.1mn, extra than the two.8mn reported within the present official CES sequence.
In distinction,...
818 downward revision in March 2024 NFP.
Determine 1: Degree of nonfarm payroll employment from CES (blue), implied from CES preliminary benchmark (pink), from Philadelphia...