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ADP Jobs Numbers


Guest VAL9000
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Guest VAL9000

 

Does anyone know how retirement is factored into ADP's reported jobs numbers?  I did some searching and couldn't find anything that spells this out.

 

I ask because I just heard someone on Bloomberg radio mention that 10,000 baby boomers retire every day in the US.  I checked it out and more than 10,000 boomers turn 65 every day starting Jan 1 2011, so I tend to believe this.  Seems like it could be a 300,000/mo drag on jobs added numbers.

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