ADP National Employment Report Shows 215,000 Jobs Added in November

[mahatmakanejeeves]

Source: ADP®, Automatic Data Processing

http://www.adpemploymentreport.com/2013/november/ner/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-November2013-Final-Press-Release.pdf

ADP NATIONAL EMPLOYMENT REPORT: PRIVATE SECTOR EMPLOYMENT INCREASED BY 215,000 JOBS IN NOVEMBER

ROSELAND, N.J. –December 4, 2013 –Private sector employment increased by 215,000 jobs from October to November, according to the November ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

Goods-producing employment rose by 40,000 jobs in November, up from 29,000 in October. Both construction and manufacturing payrolls added 18,000 jobs apiece. The gain for manufacturing was the largest since early 2012.

Service-providing industries added 176,000 jobs in November, up from 156,000 in October. This was the largest gain in the service sector in a year. Among the service industries reported by the ADP National Employment Report, trade/transportation/utilities added the most jobs with 45,000 over the month. Professional/business services employment rose by 38,000, while financial activities added 5,000 jobs.
....

Mark Zandi, chief economist of Moody’s Analytics, said, "The job market remained surprisingly resilient to the government shutdown and brinkmanship over the treasury debt limit. Employers across all industries and company sizes looked through the political battle in Washington. If anything, job growth appears to be picking up.”



Chart 1. Change in Total Nonfarm Private Employment



Chart 2. Historical Trend - Change in Total Nonfarm Private Employment

Read more: http://www.adpemploymentreport.com/2013/November/NER/NER-November-2013.aspx

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Good morning, Freepers and DUers alike. I especially welcome viewers from across the aisle. This information is important to you, regardless of your party affiliation. Please, everyone, put aside your differences long enough to digest the information. After that, you can engage in your usual donnybrook.

What is important about these statistics is not so much this month’s number, but the trend. So let’s look at some earlier numbers.

ADP National Employment Report Shows 130,000 Jobs Added in October
http://www.democraticunderground.com/111642752

ADP, for employment in September 2013:

{Announced Two Weeks Ago}: ADP National Employment Report Shows 166,000 Jobs Added in September
http://www.democraticunderground.com/111642242

From member Purveyor:

Private Sector Added Disappointing 166,000 New Jobs In September
http://www.democraticunderground.com/1014608733

ADP National Employment Report September 2013
http://www.adpemploymentreport.com/2013/September/NER/NER-September-2013.aspx

ADP National Employment Report Shows 166,000 Jobs Added in September
http://www.adpemploymentreport.com/2013/September/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-September2013-Final-Press-Release.pdf

The December 2013 Report will be released on January 8, 2014 at 8:15 AM ET.

One more thing:

So how many jobs must be created every month to have an effect on the unemployment rate? There's an app for that:

Federal Reserve Bank of Atlanta Jobs Calculator™
http://www.frbatlanta.org/chcs/calculator/index.cfm

Well, enough of that. On with the show.

[progree]

1. First time that initial claims for unemployment insurance has been below 300,000 in many years

Just got this email today, 12/5/13:

You are subscribed to Unemployment Insurance Weekly Claims Report for the U.S. Department of Labor. This information has recently been updated.

In the week ending November 30, the advance figure for seasonally adjusted initial claims was 298,000, a decrease of 23,000 from the previous week's revised figure of 321,000. The 4-week moving average was 322,250, a decrease of 10,750 from the previous week's revised average of 333,000.

Read the full news release.

[maddogesq]

2. Gotta chuckle at the counter-intuitive stock market.

Things are dinkin' and dunkin' down again because the bad guys are worried they won't get their cheap money anymore.

Good news is bad news if you are a hedgy.

Now if we could just improve wages at the low-end of the scale, we'd have a real economy.