{"id":348668,"date":"2025-10-01T15:50:59","date_gmt":"2025-10-01T20:50:59","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/10\/01\/september-private-nonfarm-payroll-employment-according-to-adp\/"},"modified":"2025-10-01T15:50:59","modified_gmt":"2025-10-01T20:50:59","slug":"september-private-nonfarm-payroll-employment-according-to-adp","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/10\/01\/september-private-nonfarm-payroll-employment-according-to-adp\/","title":{"rendered":"September Private Nonfarm Payroll Employment According to ADP"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-58231\">&#13;<br \/>\n\t\t\t\t<!-- .entry-header -->&#13;<br \/>\n&#13;<\/p>\n<div class=\"entry-content\">\n<p>Since we won\u2019t get the BLS September numbers on Friday, this is what we have.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/10\/empl_adp_sep25.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-58232\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/10\/empl_adp_sep25.png\" alt=\"\" width=\"864\" height=\"561\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/10\/empl_adp_sep25.png 864w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/10\/empl_adp_sep25-300x195.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/10\/empl_adp_sep25-768x499.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/10\/empl_adp_sep25-624x405.png 624w\" sizes=\"(max-width: 864px) 100vw, 864px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> BLS private nonfarm payroll employment, August release (blue), implied preliminary benchmark revision (light blue), ADP-Stanford Digital Lab August release (pink), ADP-Stanford Digital Lab September release (bold red), Bloomberg consensus calculated by iterating net job gain on August ADP figure (red +). Source: BLS, ADP via FRED, BLS, Bloomberg, and author\u2019s calculations.<\/em><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content -->&#13;<br \/>\n\t\t&#13;<\/p>\n<footer class=\"entry-meta\">&#13;<br \/>\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2025\/10\/september-private-nonfarm-payroll-employment-according-to-adp\" title=\"12:26 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-10-01T12:26:29-07:00\">October 1, 2025<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->&#13;\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2025\/10\/september-private-nonfarm-payroll-employment-according-to-adp\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] &#13; &#13; &#13; Since we won\u2019t get the BLS September numbers on Friday, this is what we have. Figure 1: BLS private nonfarm payroll<\/p>\n","protected":false},"author":1,"featured_media":348669,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/348668"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=348668"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/348668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/348669"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=348668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=348668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=348668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}