> assumption of this report is that companies that use ADP to process their payroll are completely representative of the entire economy
No such assumption is made except by an errant reading of the report. The ADP report [1] can be used to predict BLS numbers, but it’s also independently useful. The reason the headline is 33,000 private-sector jobs were lost is because 33,000 private-sector jobs were lost, ADP can directly count that.
No such assumption is made except by an errant reading of the report. The ADP report [1] can be used to predict BLS numbers, but it’s also independently useful. The reason the headline is 33,000 private-sector jobs were lost is because 33,000 private-sector jobs were lost, ADP can directly count that.
[1] https://adpemploymentreport.com/