Tag Archives: ADP

Job Collapse: “Cold, Storms” Blamed

The January ADP print missed as we expected,¬†printing at 175K vs the expected 185K, while the December 238K was revised lower to 227K, confirming that ADP is nothing but an NDP trend follower and an absolutely worthless and meaningless data … Continue reading

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Welcome To The Non-Recovery: ADP Payrolls Miss Big, Plunge To Lowest Since April

As we mentioned earlier, if there was one thing that would guarantee an 1800 print in the Stalingrad and Propaganda 500 index today, it was a 0 or negative ADP print. Well, it wasn’t that bad. But it was close: … Continue reading

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ADP Misses Expectations, Second Worst Print In Last 8 Months; Sequester Blamed

By now it is futile to point out the woeful¬†inability of the ADP report to predict the NFP’s ARIMA X 12 output of pure noise so we’ll leave it at that. Here is the headline:¬†May private payrolls created 135K with … Continue reading

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