Posted To: MBS Commentary

The stated goal of the ADP Employment Report is to predict the final revision of the US government’s non-farm payroll number. Assessing its efficacy was a tall order before covid and has been a relatively foolish endeavor since then. So let’s get foolish (relatively)! Warning: the following charts are pretty hard to follow. I haven’t conceived a better way to present the data post-covid, so the y-axis has been chopped off in most cases where huge covid-related numbers would have otherwise crushed the rest of the data series down to a flat line. “Takeaways” won’t necessarily jump right off the screen. Then again, that’s sort of the thesis here: ADP employment data sometimes does a great/terrible job of predicting the NFP data. First up, here’s a simple chart…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Published On: September 1, 2021 / Categories: Mortgage News /

Subscribe To Receive The Latest News

Curabitur ac leo nunc. Vestibulum et mauris vel ante finibus maximus.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Add notice about your Privacy Policy here.