Wednesday, October 31, 2012

ADP's Adjustment: "Cancels" 365,000 Private Jobs Created in 2012


If I had been paying ADP for this research report on private sector jobs throughout 2012, I would today be on the phone demanding a complete refund for my subscription fee.  Businesses pay good money for this type of research in which they base capital budgeting decisions on going forward.  Bottom line to these ADP's private sector job revisions is that if you thought America created jobs in 2012, it didn't. ADP made that happen through statistics.  I guess the old adage, caveat emptor, is still valid.

No comments: