ADP Estimates Nonfarm Payroll Growth at +163,0000; Why I’ll Take the Under (Way Under)

(Before It's News)

by Mike Shedlock
MISH’S Global Economic Trend Analysis

ADP job estimates have been on the high side of BLS estimates for months, and I expect that to be the case again this Friday.

Please consider some snips from the July 2012 ADP National Employment Report®

Employment in the U.S. nonfarm private business sector increased by 163,000 from June to July, on a seasonally adjusted basis. The estimated gain from May to June was revised down slightly,from the initial estimate of 176,000 to 172,000.

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