adp jobs gains

The +139K ADP Jobs Equates To About +150K BLS

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.


ADP jobs relation with BLS job
What do today’s ADP jobs figures mean for Friday’s huge BLS’ job report?

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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