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SFY - A Closer Look At Today's ADP Employment Report
SoFi Select 500
By Jill Mislinski
In Wednesday morning's ADP employment report, we got the February estimate of 183K new nonfarm private employment jobs from ADP, a decrease over January's revised 209K. The popular spin on this indicator is as a preview to the monthly jobs report from the Bureau of Labor Statistics.
Here is a snapshot of the monthly change in the ADP headline number since the company's earliest published data in April 2002. This is quite a volatile series, so we've plotted the monthly data points as dots along with a six-month moving average, which gives