🌐 Global Economy Aug 5, 2026 · Menzie Chinn

Private NFP from ADP

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Private NFP from ADP
Source ↗ 👁 5 💬 0
+44K vs. +68K per Bloomberg consensus.


Figure 1:  Change since 2025M03 in private nonfarm payroll employment from BLS (blue), from ADP (red), 2023M04-2025M03 Stochastic trend (gray line), all in 000’s, s.a. Source: BLS, ADP via FRED.

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