· The
ADP Nat'l Employment Report, reported by the payroll processor,
indicated a 158,000 rise in private nonfarm payrolls last month. A
97,500 increase had been expected and the November figure from the U.S.
Bureau of Labor Statistics will be published this Friday.
· Last month, ADP's measure of private nonfarm payrolls for October indicated a 128,000 rise in jobs that was followed by a 58,000 rise in private nonfarm payrolls, when published by BLS.
· ADP compiled the estimate
from its database of individual companies' payroll information.
Macroeconomic Advisers, LLC, the St. Louis economic consulting firm,
developed the methodology for transforming the raw data into an economic
indicator.
· According to ADP and Macro Advisers, the correlation between the monthly percentage change in the ADP estimate and that in the BLS data is 0.90.
· The ADP National Employment Report data is maintained in Haver's USECON database; historical data go back to December 2000. The figures in this report cover only private sector jobs and exclude employment in the public sector, which rose an average 11,083 during the last twelve months.
· The full ADP National Employment Report can be found here, and the ADP methodology is explained here.