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Reply #8

In the discussion thread: Per CNBC - ADP Numbers bad [View all]

Response to Laura PourMeADrink (Reply #7)

Wed May 2, 2012, 10:49 AM

8. That's a forward looking measure. ADP backward looking

It's no weirder that they disagree than weather forecasts for yesterday and tomorrow (less accurate to boot). Gallup measures self-reported intent to add or shed jobs. ADP measures new jobs already added to payrolls (by a subset of employers).

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Replies to this discussion thread
Arrow 8 replies Author Time Post
Laura PourMeADrink May 2012 OP
MannyGoldstein May 2012 #1
Laura PourMeADrink May 2012 #2
leftynyc May 2012 #3
MannyGoldstein May 2012 #4
Laura PourMeADrink May 2012 #5
ProSense May 2012 #6
Laura PourMeADrink May 2012 #7
LineLineLineNew Reply That's a forward looking measure. ADP backward looking
dmallind May 2012 #8
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