Pantheon Macroeconomics - The least-bad way to forecast the ADP employment number is to look at the official private payroll number for the previous month. ADP's methodology generates employment numbers from a model incorporating lagged data from the Bureau of Labor Statistics as well as information from companies which use ADP for payroll processing.

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4 Feb. 2015 ADP Should Beat Consensus, but it's not a Reliable Indicator

By Ian Shepherdson

The least-bad way to forecast the ADP employment number is to look at the official private payroll number for the previous month. ADP's methodology generates employment numbers from a model incorporating lagged data from the Bureau of Labor Statistics as well as information from companies which use ADP for payroll processing.

Posted: 4th Feb 2015 in 'U.S. Documents'

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