Manufacturing Industry Has Strongest Jobs Increase in Three Years

[mahatmakanejeeves]

Source: The Wall Street Journal.

Manufacturing Industry Has Strongest Jobs Increase in Three Years

Firms across the U.S. added 241,000 workers last month, according to ADP and Moodys Analytics

By Austen Hufford

https://twitter.com/austenhufford
[e-mail]

April 4, 2018 8:35 a.m. ET

Hiring at private U.S. employers grew more than expected in March, according to a report, as the manufacturing industry showed the strongest increase in more than three years.

Firms across the country added 241,000 workers in March, according to payroll processor Automatic Data Processing Inc. and forecasting firm Moodys Analytics. ... Economists surveyed by The Wall Street Journal had expected the addition of 200,000 jobs.

The job market is rip-roaring, said Mark Zandi, chief economist of Moodys Analytics. The tight labor market continues to tighten.

Midsized businesses added nearly half of all jobs in the month. The job growth came from across industries, with construction, professional business services and trade, transportation and utilities leading the way. ... The February figure was revised up to 246,000 from 235,000.
....

Write to Austen Hufford at [e-mail]

Read more: https://www.wsj.com/articles/manufacturing-industry-has-strongest-jobs-increase-in-three-years-1522845356

---

ADP National Employment Report
March 2018

ADP National Employment Report: Private Sector Employment Increased by 241,000 Jobs in March

Private-sector employment increased by 241,000 from February to March, on a seasonally adjusted basis.

https://www.adpemploymentreport.com/2018/March/NER/NER-March-2018.aspx

EDITED TO ADD, Thursday, 10:30 a.m.: the charts from the ADP report.

Total Employment



Historical Trend

[BumRushDaShow]

1. With the tariffs recently announced

that all may go bye bye when materials costs skyrocket.

[mahatmakanejeeves]

2. Links to earlier reports

[center]Past Performance is Not a Guarantee of Future Results.[/center]

Nonetheless, what is important is not this month's results, but the trend. Let’s look at some earlier numbers:

Bureau of Labor Statistics, for employment in February 2018:

Payroll employment increases by 313,000 in February; unemployment rate unchanged at 4.1%

ADP^® (Automatic Data Processing), for employment in February 2018:

ADP National Employment Report: Private Sector Employment Increased by 235,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2018:

Payroll employment increases by 200,000 in January; unemployment rate unchanged at 4.1%

ADP^® (Automatic Data Processing), for employment in January 2018:

U.S. Private Sector Added 234,000 Jobs in January

Bureau of Labor Statistics, for employment in December 2017:

Payroll employment increases by 148,000 in December; unemployment rate unchanged at 4.1%

ADP^® (Automatic Data Processing), for employment in December 2017:

U.S. private sector adds 250,000 jobs in December, biggest rise since March

Bureau of Labor Statistics, for employment in November 2017:

Payroll employment increases by 228,000 in November; unemployment rate unchanged at 4.1%

ADP^® (Automatic Data Processing), for employment in November 2017:

I didn't get around to it.

Bureau of Labor Statistics, for employment in October 2017:

Payroll employment rises by 261,000 in October; unemployment rate edges down to 4.1%

ADP^® (Automatic Data Processing), for employment in October 2017:

ADP says 235,000 private-sector jobs added in October

Bureau of Labor Statistics, for employment in September 2017:

Unemployment rate falls to 4.2% in September; payroll employment changes little (-33,000)

ADP^® (Automatic Data Processing), for employment in September 2017:

Companies Add Fewest U.S. Workers in Nearly a Year, ADP Says

Bureau of Labor Statistics, for employment in August 2017:

Payroll employment increases by 156,000 in August; unemployment rate changes little (4.4%)

ADP^® (Automatic Data Processing), for employment in August 2017:

Private-sector job growth surges in August with a little Amazon assist, ADP says

Bureau of Labor Statistics, for employment in July 2017:

Payroll employment increases by 209,000 in July; unemployment rate changes little at 4.3%

ADP^® (Automatic Data Processing), for employment in July 2017:

U.S. private sector adds 178,000 jobs in July: ADP

Bureau of Labor Statistics, for employment in June 2017:

Payroll employment rises by 222,000 in June; unemployment rate changes little at 4.4%

ADP^® (Automatic Data Processing), for employment in June 2017:

ADP Data on Private Hiring Suggest U.S. Job Market Is Moderating

Bureau of Labor Statistics, for employment in May 2017:

Payroll employment rises by 138,000 in May; unemployment rate changes little (4.3%)

ADP^® (Automatic Data Processing), for employment in May 2017:

U.S. companies add 253,000 jobs in May: ADP

Bureau of Labor Statistics, for employment in April 2017:

Payroll employment rises by 211,000 in April; unemployment rate changes little at 4.4%

ADP^® (Automatic Data Processing), for employment in April 2017:

Private-sector hiring slowest in four months, ADP says

Bureau of Labor Statistics, for employment in March 2017:

Unemployment rate declines to 4.5 percent in March; payroll employment edges up by 98,000

ADP^® (Automatic Data Processing), for employment in March 2017:

Private sector adds 263,000 jobs in March: ADP

Bureau of Labor Statistics, for employment in February 2017:

Payroll employment rises by 235,000 in February; unemployment rate changes little at 4.7%

ADP^® (Automatic Data Processing), for employment in February 2017:

ADP National Employment Report: Private Sector Employment Increased by 298,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2017:

Payroll employment rises by 227,000 in January; unemployment rate changes little (4.8%)

ADP^® (Automatic Data Processing), for employment in January 2017:

ADP National Employment Report: Private Sector Employment Increased by 246,000 Jobs in January

[scarytomcat]

7. so really it is not a lot more jobs than Obama add for eight years after

Bush and banks tanked the economy
soon the Obama economy will become the Trump economy

[mahatmakanejeeves]

8. Welcome to DU, scarytomcat.

I've edited the OP to add the charts from ADP's report. The last few months have been pretty good. I have the ADP and BLS reports going back for years. Click on any of the links to be taken back in time.

Thank you for writing.

[elmac]

3. The orange twit will be tweeting all day about it

this is huge, huge and bigly, making ameriKa great again

[Texin]

4. Yeah, we won't hear the end of this until ---- the end of it.

The rethugs will be beating this drum all the way to the mid-terms.

[IronLionZion]

5. Twitler will claim he's winning for now

and then in a month or so when these jobs are lost he'll blame Hillary/Obama/immigrants/etc.

and stir up some racism against people who look Chinese, especially if American.

[lunasun]

6. Seems about right