ADP said 297K private sector jobs were created in December.
The government said just over 100K new jobs were created.
So a lot of people are asking: Why does ADP suck so much?
First of all, it’s baffling that people think the government is necessarily better. Why not ask: Why does the BLS suck so much?
That’s not sophistry. Over the long term, they do move really closely together, as this chart shows.