Commentary
ADP wanted to get its employment numbers right, or as close to accurate as it could possibly reach. The payroll processing company had been maintaining its own set of labor estimates from all the way back to the start of the 21st century.
Unsatisfied with how the data performed over the last couple of unusual years, including some substantial benchmark revisions earlier this year, the statistical efforts were suspended for several months to give statisticians enough time to retool. Altering its methodology to take better advantage of the information at its fingertips, the idea was to relaunch a more reliable representation of the underlying economic fundamentals for employment….
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta