Revisions to the way payroll data firm ADP
counts private sector job creation have resulted in a sharp drop in the
September employment count.
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ADP's
new calculations put the monthly job creation at just 88,2000, down
from the 162,000 the firm originally reported earlier this month.
The
firm recently has entered into a partnership with Moody's Analytics
that will change the way the private payroll count is calculated.
ADP will announce its October count on Thursday, with the Labor Department to follow on Friday.
ADP is expected to announce a further revision to the September count along with its October totals.
In
announcing the partnership Oct. 24, the two firms said the partnership
will help align the private sector job count with the Labor numbers.
At
the same time, the new reports will provide a more detailed breakdown
of the numbers while expanding the number of businesses that
participate.
ADP occasionally has come under criticism for releasing data that is often widely disparate with the government's final count.
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