Not disputing this. I'm not sure how often the ADP jobs number is in line with the 'official jobs report'. My understanding is that they two reports may present conflicting information (perhaps I'm wrong).
Even if the job numbers crater, will the stock market plunge? The market is addicted to bad information because it believes the Fed will step in and save the day
I'm inclined to believed ADP. The government is performing surveys and constantly revised their numbers from previous months. Seems like ADPs numbers would be much more legit since its their literal business. Maybe I'm missing something. I also don't trust the government.
Not disputing this. I'm not sure how often the ADP jobs number is in line with the 'official jobs report'. My understanding is that they two reports may present conflicting information (perhaps I'm wrong).
Even if the job numbers crater, will the stock market plunge? The market is addicted to bad information because it believes the Fed will step in and save the day
It's private payroll data
Did I not call this? (The two reports may present conflicting information)
Yeah. Which do you believe? Frankly, we know that the Gov has changed their reporting methods. They're just buying time. Smart money knows.
I'm inclined to believed ADP. The government is performing surveys and constantly revised their numbers from previous months. Seems like ADPs numbers would be much more legit since its their literal business. Maybe I'm missing something. I also don't trust the government.