So instead of 135,224 thousand private jobs in April, it would be 135,509 thousand.
Figure 1: Nonfarm private payroll employment from BLS (blue) and ADP (beige), in logarithms 2023M03=0. Source: BLS, ADP via FRED and author’s calculations.
I normalize to 2023M03, since the data up to that point has been revised based on the references.
