Once more, this time with data: The divergence between ADP and BLS this month was *not* particularly large. The recent pattern of ADP consistently being below BLS is a bit unusual, but the time series isn't long enough to say how unusual.
Ben Casselman
Ben Casselman3.7. klo 21.17
And no, the divergence between ADP and BLS figures is neither new nor surprising. The two have very little correlation on a month-to-month basis, and never have.
Indeed, the relationship between the two series is nowhere close to statistically significant on a month-to-month basis. (These charts are showing only the initial estimates, before revisions.)
12,71K