Pantheon Macroeconomics - We expected a consensus-beating ADP employment number for February, but the 298K leap was much better than our forecast, 210K. The error now becomes an input into our payroll model, shifting our estimate for tomorrow's official number to 250K; our initial forecast was 210K.

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9 March 2017 ADP Report Raises the Chance of a Blockbuster February Jobs Number

By Ian Shepherdson

We expected a consensus-beating ADP employment number for February, but the 298K leap was much better than our forecast, 210K. The error now becomes an input into our payroll model, shifting our estimate for tomorrow's official number to 250K; our initial forecast was 210K.

Posted: 8th Mar 2017 in 'U.S. Documents'

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