To Everyone Saying That The ADP Report Is Garbage...

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.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at