The graph below shows the job gain/loss estimates from the ADP National Employment Report. Note that although an individual month's numbers can be quite different between Automatic Data Processing and the U.S. Department of Labor, the overall trend has been roughly the same.
The numbers are in thousands. As before, this graph shows new job losses per month, not cumulative job losses:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg_oTC1S7_P_kB0xWkMtmRkRP3FutO8InlCFf74g0ycOwD5BghQFImHYOZNDKNGKbSHbgXOkCxw8C6BUIwIxB2DmNFXb4mONfW_KV_MwZ2ReVgQo0lYzI82qY8ZI0u9SILpWTzN/s400/job-losses-adp.png)
Seems to me this plot supports the conspiracy theorists. The ADP survey shows minimal improvement in May while the Dept of Labor reported a dramatic increase, based in large part on 220,000 imaginary jobs from the birth/death model.
ReplyDeleteNow it is December 09 and I was looking for an updated chart of job losses. We are reporting 169,000 for november (ADP). Thanks for this chart, very nice!
ReplyDelete