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Personal Finance Topics / Macroeconomic Trends and Risks
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Author: PucksFool 🐝  😊 😞
Number: of 3852 
Subject: Re: Ritholtz says the signal to noise ratio is noisy
Date: 12/03/25 8:56 AM
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Here is what he said on BlueSky.

ADP employment data has not closely followed Non-Farm Payroll -- it's a measure of mostly older and larger companies; it misses newer, smaller firms, which make up so much of the economy...

There is some signal there, but a whole lot more noise
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