HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » More bad news for ReTHUGs...
Introducing Discussionist: A new forum by the creators of DU

Wed Jan 30, 2013, 09:19 AM

More bad news for ReTHUGs - Private-sector jobs in the U.S. increased by 192,000


http://www.nasdaq.com/article/us-private-sector-jobs-up-192000-in-january-20130130-00519#.UQkrlPLFnn4
<snip>
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.


3 replies, 524 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 3 replies Author Time Post
Reply More bad news for ReTHUGs - Private-sector jobs in the U.S. increased by 192,000 (Original post)
malaise Jan 2013 OP
BlueStreak Jan 2013 #1
dmallind Jan 2013 #3
JaneyVee Jan 2013 #2

Response to malaise (Original post)

Wed Jan 30, 2013, 10:13 AM

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.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BlueStreak (Reply #1)

Wed Jan 30, 2013, 10:43 AM

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

http://econintersect.com/wordpress/?p=31844

Reply to this post

Back to top Alert abuse Link here Permalink


Response to malaise (Original post)

Wed Jan 30, 2013, 10:16 AM

2. Maybe if Congress started doing something about jobs instead of abortion bans we would create jobs

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread