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(12,803 posts)

15. Seasonal adjustment turned a 2.171 Million job loss into a 22,000 gain.

Wed Feb 4, 2026, 06:07 PM

21 hrs ago

Monthly, Not Seasonally Adjusted
https://fred.stlouisfed.org/series/ADPMNUSNERNSA
November:135,472,000
December: 134,779,000
January: 132,608,000
DECREASE Dec. to Jan.: 2,171,000

Monthly, Seasonally Adjusted:
https://fred.stlouisfed.org/series/ADPMNUSNERSA
November: 132,222,000
December: 132,259,000
January: 132,281,000
Increase Dec. to Jan: 22,000
(as reported in media articles and https://adpemploymentreport.com/ )

Interesting.

Several FRED series on ADP data - https://fred.stlouisfed.org/categories/32250

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Highlight:

Private payrolls rose by just 22,000 in January, far short of expectations, ADP says [View all] BumRushDaShow Yesterday OP

ICE hires. twodogsbarking Yesterday #1

Those wouldn't be reflected in that report BumRushDaShow Yesterday #2

yeah twodogsbarking Yesterday #3

Can it be trusted in the Trump era? rurallib Yesterday #6

Amazing how disengaged the stock market is from the Economy edhopper Yesterday #5

It is what the ruling class wants apparently hibbing Yesterday #9

Its a bubble edhopper Yesterday #11

it's almost like it was tailor-made for.....rich people Skittles Yesterday #13

From the source: progree Yesterday #7

k and r riversedge Yesterday #8

Who are you going to believe? Moostache Yesterday #10

Joe's numbers for January 2023 were smoking mahina 23 hrs ago #14

Seasonal adjustment turned a 2.171 Million job loss into a 22,000 gain. progree 21 hrs ago #15