Payrolls at US companies unexpectedly dropped in September, due at least in part to issues with data analysis.
ADP periodically recalibrates their figures based on an expansive series from the Bureau of Labor Statistics that includes state unemployment insurance tax records and covers nearly all US jobs. The adjustment resulted in a reduction of 43,000 jobs in September compared to pre-benchmarked data, the report said.
While that may ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.