ADP Says 201,000 Jobs In August

A blog about business and economics.
Sept. 6 2012 8:42 AM

ADP Hints At Strong Jobs Report Tomorrow

As usual, the day before the official BLS Employment Situation Report comes out ADP has produced their own estimate of private sector dynamics and they're saying the economy added 201,000 jobs in August.

The ADP report is a pretty good predictor of the BLS number, but there's a lot of fuzziness. So there's no guarantee that 200,000 from ADP means we're going to get 200,000 from the BLS. But I start now with a baseline expectation that we're going to get 150,000 jobs in any given month. Then data comes in and you revise your estimate. An ADP number at 200,000 means that we'll probably beat 150,000. If I had my druthers and we were running a real monetary policy expansion, I think we could be adding jobs at 300,000 a month and really putting a big dent in the output gap. But with the policies we have in place the best we can really hope for is gains in the 150,000-200,000 range which is fast enough to reduce the unemployment rate but not so fast as to cause inflation.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.



Blacks Don’t Have a Corporal Punishment Problem

Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology. 

I Bought the Huge iPhone. I’m Already Thinking of Returning It.

Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.

Lifetime Didn’t Think the Steubenville Rape Case Was Dramatic Enough

So they added a little self-immolation.

Two Damn Good, Very Different Movies About Soldiers Returning From War

Medical Examiner

The Most Terrifying Thing About Ebola 

The disease threatens humanity by preying on humanity.

Students Aren’t Going to College Football Games as Much Anymore, and Schools Are Getting Worried

The Good Wife Is Cynical, Thrilling, and Grown-Up. It’s Also TV’s Best Drama.

  News & Politics
Sept. 20 2014 11:13 AM -30-
Business Insider
Sept. 20 2014 6:30 AM The Man Making Bill Gates Richer
Sept. 20 2014 7:27 AM How Do Plants Grow Aboard the International Space Station?
  Double X
The XX Factor
Sept. 19 2014 4:58 PM Steubenville Gets the Lifetime Treatment (And a Cheerleader Erupts Into Flames)
  Slate Plus
Slate Picks
Sept. 19 2014 12:00 PM What Happened at Slate This Week? The Slatest editor tells us to read well-informed skepticism, media criticism, and more.
Brow Beat
Sept. 19 2014 4:48 PM You Should Be Listening to Sbtrkt
Future Tense
Sept. 19 2014 6:31 PM The One Big Problem With the Enormous New iPhone
  Health & Science
Bad Astronomy
Sept. 20 2014 7:00 AM The Shaggy Sun
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.