Statistics on private sector jobs from ADP and BLS are highly correlated. Since the start of ADP’s series in 2010, the R 2 for the two national private sector employment reports is 0.9817 (when ...
Despite a 94% historical correlation, ADP and BLS job reports often diverge due to differing methodologies. Read more here.
President Donald Trump and his administration spent the last month portraying recently dreadful jobs data as a “scam” and an organized vendetta against his presidency. That effort hit a brick wall ...
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