Based mostly on ADP-Stanford Digital Financial system Lab sequence for October.
Determine 1: Non-public nonfarm payroll employment (daring black), nowcast based mostly on error correction...
GDP beneath Bloomberg consensus of three.0% at 2.8% (GDPNow nails it). ADP personal NFP change at 233K vs. Bloomberg consensus at 110K.
Determine 1: Nonfarm...
Personal nonfarm payroll employment surprises on the upside (massive time): 223K vs 125K consensus (whole NFP 254K vs. 147K consensus). Furthermore, the earlier two...
The puzzle stays: regardless of an under-consensus 99K addition to personal ADP-Stanford NFP (far beneath consensus 144K). ADP cumulative change above CES cumulative change,...
All present beneficial properties since January 2023, save the CPS primarily based.
Determine 1: Cumulative change in NFP employment based on CES (daring black), implied...