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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsADP: Private Employment increased 325,000 in December
ADP: Private Employment increased 325,000 in December
by CalculatedRisk
ADP reports:
This was well above the consensus forecast of an increase of 160,000 private sector jobs in December. The BLS reports on Friday, and the consensus is for an increase of 150,000 payroll jobs in December, on a seasonally adjusted (SA) basis.
Government payrolls have been shrinking by about 24,000 per month this year. So this suggests around 325,000 private nonfarm payroll jobs added, minus 24,000 government workers - or around 301,000 total jobs added in December. Of course ADP hasn't been very useful in predicting the BLS report.
http://www.calculatedriskblog.com/2012/01/adp-private-employment-increased-325000.html
by CalculatedRisk
ADP reports:
Private-sector employment increased by 325,000 from November to December on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP®), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month. The estimated gain in employment from October to November was revised down slightly to 204,000 from the initially reported 206,000.
This was well above the consensus forecast of an increase of 160,000 private sector jobs in December. The BLS reports on Friday, and the consensus is for an increase of 150,000 payroll jobs in December, on a seasonally adjusted (SA) basis.
Government payrolls have been shrinking by about 24,000 per month this year. So this suggests around 325,000 private nonfarm payroll jobs added, minus 24,000 government workers - or around 301,000 total jobs added in December. Of course ADP hasn't been very useful in predicting the BLS report.
http://www.calculatedriskblog.com/2012/01/adp-private-employment-increased-325000.html
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ADP: Private Employment increased 325,000 in December (Original Post)
ProSense
Jan 2012
OP
dmallind
(10,437 posts)1. If it had dropped there would be 100 posts on this thread by now.....
surfdog
(624 posts)2. Very good news
NNN0LHI
(67,190 posts)4. I remember what it felt like being long term unemployed and finally getting a job
surfdog
(624 posts)5. Kick for progress