Why ADP & Labor Dept. Jobs Numbers Differ
ADP CFO Jan Siegmund says that his company's monthly employment report uses 'real-time payroll processing transactions' to calculate jobs data, unlike the BLS which uses surveys. Siegmund says that ADP has worked very hard to create a very high quality, sustainable, and relevant measure. See an earlier part of this interview that focuses on what the jobs data is telling us now, here.
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