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ProSense

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6. Given that

Reply to Laura PourMeADrink (Original post)

Wed May 2, 2012, 08:36 AM

May 2012

ADP is typically regarded as unreliable, it'll be interesting to see what Friday brings.

The ADP report was off by about 80,000 in January (showing fewer than BLS) and March (coming in more than BLS):

<...>

The number of jobs added was the fewest ADP has reported in seven months. Stock futures fell after the report was released.

The survey, which covers hiring only in the private sector, has been known to deviate sharply from the government's figures, which wil, be released Friday. For example, the government said employers added just 120,000 jobs in March — much lower than ADP's estimate.

http://www.usatoday.com/money/economy/story/2012-05-02/adp-job-estimate-april/54682794/1

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Per CNBC - ADP Numbers bad [View all] Laura PourMeADrink May 2012 OP

But the Dow is almost back to pre-crash heights MannyGoldstein May 2012 #1

Double bonus for Romney. Gets to say recovery too slow, too few jobs, plus he Laura PourMeADrink May 2012 #2

Way more than the top 10% leftynyc May 2012 #3

80% of stocks are held by the top 10% nt MannyGoldstein May 2012 #4

Isn't it all relative though? My IRA is 100% composed of stock. It may be a pittance compared Laura PourMeADrink May 2012 #5

Given that ProSense May 2012 #6

gallup says "US Job Creation Near four Year High" Laura PourMeADrink May 2012 #7

That's a forward looking measure. ADP backward looking dmallind May 2012 #8