Overview
- Axios confirms ADP suspended the Fed’s private data feed after Governor Christopher Waller publicly noted the collaboration in August.
- The weekly dataset covered about one-fifth of private U.S. workers and gave the Fed near-real-time reads between BLS reports.
- A government shutdown has curtailed official labor releases, leaving policymakers with fewer timely indicators.
- Fed Chair Jerome Powell has reportedly appealed for access to be restored, with no new agreement disclosed.
- ADP still publishes a monthly National Employment Report with Stanford, which is less timely and granular, underscoring that private data complements rather than replaces government statistics.