Why Tomorrow's ADP Report Is An Even Bigger Deal Than Usual

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Tuesday, March 6, 2012 Why Tomorrow's ADP Report Is An Even Bigger Deal Than Usual This is jobs week. On Friday we get the February Non-Farm Payrolls report, but the fun really kicks off tomorrow with the ADP employment report, which just measures private payroll gains. ADP gets criticized now and again for not always being in alignment with the official report, but for the most part it's a good predictor, at least directionally. Anyway, it turns out that there's an especially good reason to pay attention to tomorrow's report. According to Nomura, the ADP report is most aligned with the official jobs report in February. Since 2006, the average February gap is only 25K, which is less than half of the gap of other months. Lest you think it's a statistical fluke partly based on a small sample size think again. Because the BLS announces its latest benchmark revisions each January, NFP has the freshest data with which to construct its own model/seasonal adjustments. Read » Also On Money Game Today: The Hottest Restaurant Stock In The World STOCKS FINALLY TANK: Here's What You Need To Know Obama Unveils New JP Morgan, Wells Fargo Bailout Plan, Disguised As Mortgage Relief One Bank Has Admitted They Manipulated Interest Rates, But So Far Nothing Is Being Done Advertisement CHART OF THE DAY: This Country Defaulted, And Now It Has One Of The Healthiest Public Sectors In The World CHART OF THE DAY: This Is The Trend That Could Asphyxiate The Housing Recovery CHART OF THE DAY: 'Total Collapse' In Greece Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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