Wed Jan 30, 2013, 09:19 AM
malaise (126,517 posts)
More bad news for ReTHUGs - Private-sector jobs in the U.S. increased by 192,000
Private businesses added new employees at a rapid clip in January despite layoffs at the largest U.S. companies, according to a tally of private-sector hiring released Wednesday.
Private-sector jobs in the U.S. increased by 192,000 this month, according to a national employment report calculated by payroll processor Automatic Data Processing Inc. ( ADP ) and forecasting firm Moody's Analytics.
Economists surveyed by Dow Jones Newswires expected ADP to report a gain of 165,000 private jobs. The December job gain was revised down to 185,000 from 215,000 reported a month ago.
According to ADP, firms employing between one and 49 workers increased jobs by 115,000 in January. Medium-sized businesses with payrolls of 50 to 499 workers hired 79,000 new employees. But large firms, businesses with 500 or more employees, cut 2,000 positions.
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More bad news for ReTHUGs - Private-sector jobs in the U.S. increased by 192,000 (Original post)
Response to malaise (Original post)
Wed Jan 30, 2013, 10:13 AM
BlueStreak (7,590 posts)
1. The ADP numbers haven't been anywhere close to the BLS numbers lately
ADP seems to be losing market share, and that may be affecting their numbers. I wouldn't be surprised if the BLS numbers come in at more like 110,000.
Response to BlueStreak (Reply #1)
Wed Jan 30, 2013, 10:43 AM
dmallind (10,437 posts)
3. Possible, but weird guess - ADP more low than high lately
and the correlation has remained very high (both are estimates obviously)
ADP is blue, BLS red