Private Nonfarm Payroll Employment – Three Measures
So far, slowing employment growth.
Figure 1: Private nonfarm payroll employment (bold black), preliminary benchmark (gray square), Bloomberg consensus as of 8/30 (blue +), QCEW private, seasonally adjusted by author using X-13 (teal), from ADP (tan), 000’s, s.a. Source: BLS, Bloomberg, ADP via FRED, author’s calculations.
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