Daddy-O à Go-Go (rpkrajewski) wrote,
Daddy-O à Go-Go
rpkrajewski

Early Warning

ADP publishes its own employment report, ahead of the government's, which is due on Friday:

Nonfarm private employment decreased 522,000 from December 2008 to January 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from November to December 2008 was revised up by 34,000, from a decline of 693,000 to a decline of 659,000.

And keep in mind: Because ADP pays 1-in-6 private sector employees in the United States every pay period across a broad range of industries, firm sizes, and geographies, it has a unique and significant perspective on the U.S. labor market. Note that their estimate for the whole country, not just their clients.

More on the methodology.

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