The +139K ADP Jobs Equates To About +150K BLSHarrison Roger
The ADP jobs number came in at +139K, an acceleration from the 127K of the prior month.
On a year over year basis, the ADP jobs figure represents an increase of 1.9% over February 2013.
Here’s how the relationship looks.
The scatterplot shows that the two surveys are closely related, with only a slight bent rightward from a perfect linear correlation.
Based . . .
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