ADP, a generally very reliable predictor of job numbers, thinks we're gaining jobs at a decent clip. Should we believe them?
According to a report from ADP, we gained over 200,000 jobs last month. Here's why you should believe them.
ADP is better at predicting final employment numbers than even the federal government. And its latest figures are bleak.
And note that the private payroll processing firm has a better track record than BLS, at least since the crisis hit.
Private forecasters don't usually produce better data than the Bureau of Labor Statistics. But since the financial crisis hit, one forecaster has beaten the BLS on its own turf.