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Thursday, November 21, 2024
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Enterprise Cycle Indicators – GDP and Personal NFP

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:...

A Puzzle: Personal NFP and the Preliminary Benchmark vs. Present Official [updated]

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...

A Puzzle: Non-public NFP and the Preliminary Benchmark vs. Present Official

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...

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