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ADP Grossly Overstates Job Growth for Last 12 Months by 419,000 Jobs

petroleum engineer Wrote: Nov 01, 2012 12:23 PM
Not at all surprising. The bigger the lie the easier it is to sell.

ADP has announced revised methodology to "enhance" its monthly job reports, no doubt because its prior numbers simply were grossly inaccurate.

Indeed, I stopped commenting on ADP numbers because I thought they were absurd.

Let's take a look at their revised methodology. Here is the ADP Jobs Report for September using the revised methodology.

"Private sector employment increased by 88,200 jobs from August to September, according to the September ADP National Employment Report®. The report, which is...

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