Joss Stone Majandra Delfino Maria Bello Jennifer Gareis Ashlee Simpson
Friday, February 4, 2011
ADP Report Is Worse At Predicting Payrolls Than A Consensus Estimate
Wednesday’s ADP report shows 187,000 jobs were created in January.� Should we care? Recall that last month an ADP release of 297,000 jobs set economists and traders on fire as they changed their bets and forecasts for December payrolls.� Some even predicted job gains of more than 250,000 taking the consensus from 110,000 to near [...]
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