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The linked article is talking about ADP. "To be sure, the ADP report has a spotty track record on predicting the subsequent government jobs report, which inves
by thehoff 1y ago
The linked article is talking about ADP.
"To be sure, the ADP report has a spotty track record on predicting the subsequent government jobs report, which investors tend to weigh more heavily."
The BLS does do several measures.
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm https://www.bls.gov/charts/employment-situation/civilian-une...
Their (BLS) news release also provides more detail.
- ceejayoz 1y agohttps://www.npr.org/2025/03/11/nx-s1-5323155/economic-data-reliability-trump-howard-lutnick https://www.npr.org/2025/03/11/nx-s1-5323155/economic-data-r... > The government recently disbanded two outside advisory committees that used to consult on the numbers, offering suggestions on ways to improve the reliability of the government data. > At the same time, Commerce Secretary Howard Lutnick has suggested changing the way the broadest measure of the economy — gross domestic product — is calculated. > Those moves are raising concerns about whether economic data could be manipulated for political or other purposes.