Payroll Numbers: Mixed Messages

August 1, 2012 1:15 pm

ADP and BLS have not been in total agreement lately. Obviously it will be the BLS numbers and the unemployment rate that will trump on Friday.

The correlation of the two series has been relatively tight over the past year, with the exception of last month. So, will economists raise their estimates beyond the 100,000 number that is currently the consensus?

 

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