EPISODE · Jul 3, 2025 · 4 MIN
Which Jobs Report Is Lying? ADP vs. Government Numbers
from Watchdog on Wall Street with Chris Markowski · host Finance, Investing, & Markets
LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featuredThe jobs numbers are in—but which report do you trust?The ADP report showed a loss of 33,000 jobs, while the government’s jobs data claims we added 206,000. Oh—and half of those were government jobs.In this episode:*The breakdown of unemployment by race and gender*Labor force participation at a two-year low*Average hourly earnings disappoint again*Why the BLS modeling may be overstating payrollsWe’re not here to bash Trump or sugarcoat anything—just real talk and real data.www.watchdogonwallstreet.com
What this episode covers
LISTEN and SUBSCRIBE on:Apple Podcasts: https://podcasts.apple.com/us/podcast/watchdog-on-wall-street-with-chris-markowski/id570687608 Spotify: https://open.spotify.com/show/2PtgPvJvqc2gkpGIkNMR5i WATCH and SUBSCRIBE on:https://www.youtube.com/@WatchdogOnWallstreet/featuredThe jobs numbers are in—but which report do you trust?The ADP report showed a loss of 33,000 jobs, while the government’s jobs data claims we added 206,000. Oh—and half of those were government jobs.In this episode:*The breakdown of unemployment by race and gender*Labor force participation at a two-year low*Average hourly earnings disappoint again*Why the BLS modeling may be overstating payrollsWe’re not here to bash Trump or sugarcoat anything—just real talk and real data.www.watchdogonwallstreet.com
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Which Jobs Report Is Lying? ADP vs. Government Numbers
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