ADP vs. NFP Chart

Date July 7, 2011

This morning’s stronger than expected ADP report sparked some optimism for tomorrow’s Non-Farm Payrolls release. Over the past 12 months, ADP has consistently underestimated NFPs which means that non-farm payrolls could be much stronger than expected. The current forecast calls for job growth of 105k. The following chart shows how ADP underestimated Private NFPs 11 out of the last 13 months.

Category Posted in ADP, non-farm payrolls

2 Responses to “ADP vs. NFP Chart”

  1. forex nick said:

    July 8th, 2011 at 1:33 am

    A lot of data released this week… Nice charts kathy.

  2. Sam said:

    July 8th, 2011 at 9:21 pm

    too bad the correlationdidn’t hold true this time.. So many people hurting right now..

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