GDP underneath Bloomberg consensus of three.0% at 2.8% (GDPNow nails it). ADP personal NFP change at 233K vs. Bloomberg consensus at 110K.
Determine 1:...
The puzzle stays: regardless of an under-consensus 99K addition to non-public ADP-Stanford NFP (far beneath consensus 144K). ADP cumulative change above CES cumulative...
The ADP survey cumulative enhance in non-public NFP since 2023M03 is 3.1mn, extra than the two.8mn reported within the present official CES sequence.
In...