These Are The Numbers

Om Tuesday, CNBC posted an article reporting that because the government is currently shut down, Automatic Data Processing (ADP) will now release a four-week average weekly change in employment with a two-week lag every Tuesday.

The article reports:

Private sector employers added an average 14,250 jobs per week over the past four weeks, according to new preliminary data being released by ADP, a turnaround from the negative September numbers.

Stepping into the void created by the government shutdown, ADP will now release a four-week average weekly change in employment with a two-week lag every Tuesday. Today’s number is the four-week average ended Oct. 11.

“ADP’s near real-time employment data, released weekly, will now provide an even clearer picture of the labor market at this critical time for the economy … providing a dynamic view of job creation and loss at an unprecedented level of weekly detail,” said Nela Richardson, chief economist at ADP.

This preliminary data will be different from the better-known and closely followed National Employment Report, generally released on the Wednesday before the government’s payroll number. The NER measures the monthly change in job growth during the week that contains the 12th of the month and provides detail of job growth by sector.

I am looking forward to more accurate numbers than were previously reported by the government during the Biden administration.