U.S. Economy Added 191,000 Private-Sector Jobs in March, According to ADP National Employment Report

[mahatmakanejeeves]

Source: ADP®, Automatic Data Processing

ADP NATIONAL EMPLOYMENT REPORT: PRIVATE SECTOR EMPLOYMENT INCREASED BY 191,000 JOBS IN MARCH

ROSELAND, N.J. –April 2, 2014 –Private sector employment increased by 191,000 jobs from February to March according to the March 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 seasonallyadjusted basis.

Goods-producing employment rose by 28,000 jobs in March, slightly faster than an upwardly revised pace of 25,000 in February. Most of the gains came from the construction industry which added 20,000 jobs over the month; compared to an average of 16,000 during the prior three months. Manufacturers added 5,000 jobs in March, the same as February.

Service-providing employment rose by 164,000 jobs in March, up from the upwardly revised 153,000 in February. The ADP National Employment Report indicates that professional/ business services contributed the most to growth in service-providing industries, adding 53,000 jobs, slightly more than the 49,000 in February. Expansion in trade/transportation/utilities grew by 36,000, about equal to the 37,000 jobs added in February. The 5,000 new jobs in financial activities mark the strongest pace of growth in the industry since November 2013.
....

Mark Zandi, chief economist of Moody’s Analytics, said, "The job market is coming out from its deep winter slumber. Job gains are consistent with the pace prior to the brutal winter. The gains are broad based across industries and business size classes. Even better numbers are likely in coming months as the weather warms.”

Change in Nonfarm Private Employment (in thousands)


Change in Nonfarm Private Employment (in thousands)


http://www.adpemploymentreport.com/2014/March/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-March2014-Final-Press-Release.pdf

Read more: http://www.adpemploymentreport.com/2014/March/NER/NER-March-2014.aspx

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Good morning, Freepers and DUers alike. I especially welcome our friends from across the aisle. 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.

Bureau of Labor Statistics, for employment in February 2014:

Payroll employment increases in February (+175,000); unemployment rate changes little (6.7 percent)
http://www.democraticunderground.com/1014747923

ADP, for employment in February 2014:

U.S. Economy Added 139,000 Private-Sector Jobs in February, According to ADP National Employment Report
http://www.democraticunderground.com/1014745826

Bureau of Labor Statistics, for employment in January 2014:

Payroll employment rises in January (+113,000); unemployment rate changes little (6.6%)
http://www.democraticunderground.com/1014721228

ADP, for employment in January 2014:

U.S. Economy Added 175,000 Private-Sector Jobs in January, According to ADP National Employment Report
http://www.democraticunderground.com/1014719171

BLS, for employment in December 2013, which was wildly out of line with ADP's figure:

December unemployment rate declines (6.7%); payroll employment edges up (+74,000)
http://www.democraticunderground.com/1014693851

ADP, for employment in December 2013:

U.S. Economy Added 238,000 Private-Sector Jobs in December, According to ADP National Employment Report
http://www.democraticunderground.com/1014691789

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.

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

[PSPS]

1. All well and good, but it takes at least 150,000/month just to keep up with new people.

[Skittles]

2. how many jobs were pimped offshore?

[lunasun]

3. The most U.S. jobs pay under $20 an hour

18 million jobs pay $10 or less an hour
http://ibnmoney.com/us/2014/04/03/most-jobs-pay-under-20-an-hour/
I can not get too excited when I look @ that chart

gov report says wages need to raise sharply sure but whose payin'