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News Link • Employment & Jobs

ADP Is Getting Better At Predicting The Official Jobs Report

• Business Insider

However, it hasn't been known for being particularly accurate.

For what it's worth, High Frequency Economic's Jim O'Sullivan notes that ADP has been getting more accurate in recent months:

...More relevant from a timing perspective, the ADP private payrolls estimate was 198K, above the consensus for the BLS data tomorrow: +170K for comparable private payrolls and +160K in total. Despite the strength in ADP, we have not changed our 130K forecast for the BLS payrolls series, and 140K for private payrolls. Indeed, we had forecast a fairly strong 180K rise in the ADP series. Our forecast for the BLS data allows for a 50K drag from the big Northeast snowstorm that struck just prior to the sample week; such weather effects tend to be much more noticeable in the government data than in the ADP series.

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