ST Alpha - "Labor market is nuts. 199k new jobs … ADP says what? And unemployment drops from 4.2 to 3.9% -- nm" (Reading a Post)

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Labor market is nuts. 199k new jobs … ADP says what? And unemployment drops from 4.2 to 3.9% -- nm

Posted by Will Hunting (aka JoeMetz) Jan 7 '22, 06:04

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They seem to always revised the previous months upward to little or no notice. Every month it's a disappointing number. - Inigo Jan 7, 06:12 3
- Sure but on Tuesday, 1 guy says +800k…on Friday, one says +200k. That’s a really shaky foundation to count something as important. -- nm - Will Hunting Jan 7, 06:16 2
  - I think a lot of it is the seasonal average adjustment the Bureau of Labor applies that the ADP doesn't. - Inigo Jan 7, 06:22 1
    - Except in this case the non-seasonally adjusted bls number was even smaller -- nm - znufrii, exceeded expectations Jan 7, 06:25

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