Wednesday, May 4, 2011
ADP comes in below consensus
Now some former critics of ADP who blast it every time it comes in above consensus, are citing this morning's weak report for a possible weak NFP report on Friday. In my mind, ADP is always off the mark. I'm not saying we will have a good or bad NFP report, I'm just saying ADP has been unreliable at best for years, so at least show some consistency in criticizing it.
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