Pantheon Macroeconomics - Since its October 2012 revamp, the ADP measure of private employment--the November survey will be released this morning--has tended to be little more than a lagging indicator of the official number.That's because ADP incorporates official data, lagged by one month, into the regression which generates its employment measure.

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3 Dec. 2014 - ADP Likely to Overstate November Payrolls, Thanks to Early Snows

By Ian Shepherdson

Since its October 2012 revamp, the ADP measure of private employment--the November survey will be released this morning--has tended to be little more than a lagging indicator of the official number.That's because ADP incorporates official data, lagged by one month, into the regression which generates its employment measure.

Posted: 3rd Dec 2014 in 'U.S. Documents'

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