New ADP Count Slashes Job Creation for September (Adjusted down to 88,200 from 162,00

[ScienceRocks]

New ADP Count Slashes Job Creation for September (Adjusted down to 88,200 from 162,000)
CNBC ^ | 10/31/12

New ADP Count Slashes Job Creation Total for September - US Business News - CNBC

Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.ADP's new calculations put the monthly job creation at just 88,2000, down from the 162,000 the firm originally reported earlier this month.

The firm recently has entered into a partnership with Moody's Analytics that will change the way the private payroll count is calculated.

ADP will announce its October count on Thursday, with the Labor Department to follow on Friday.

ADP is expected to announce a further revision to the September count along with its October totals.

In announcing the partnership Oct. 24, the two firms said the partnership will help align the private sector job count with the Labor numbers.

At the same time, the new reports will provide a more detailed breakdown of the numbers while expanding the number of businesses that participate.

ADP occasionally has come under criticism for releasing data that is often widely disparate with the government's final count.

THIS PRESIDENT IS A FUCKING JOKE.

 

[ScienceRocks]

I think it will go back up to 7.9-8.0% for Oct. This president is really bad.

 

[uscitizen]

This president or the next one, pretty much all the same for about another decade.

 

[Claudette]

Color me shocked and oh so surprised.