Kass Shines Light on ADP numbers

Today the ADP showed a disappointing 119,000 which makes no sense considering yesterday’s manufacturing ISM number.

Kass on the moneypro page at thestrret.com writes:

ADP Addendum

May 2, 2012 | 10:08 AM EDT
  • The April ADP reports in both 2010 and 2011 understated actual payroll growth reported by the government.

As an addendum to my payroll analysis, I forgot to mention that the April ADP reports in both 2010 and 2011 understated actual payroll growth reported by the government.

Position: None

ADP Survey Disappoints, But…

May 2, 2012 | 9:38 AM EDT

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