New ADP Count Slashes Job Creation for SeptemberSubmitted by emalvini on Wed, 10/31/2012 - 13:12
CNBC.com Senior Writer
Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.
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.
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