Wed Oct 3, 2012, 08:19 AM
mahatmakanejeeves (3,621 posts)
U.S. Private-Sector Employment Increased by 162,000 Jobs in September, According to ADPLast edited Wed Oct 3, 2012, 09:39 AM USA/ET - Edit history (5)
Source: Automatic Data Processing, Inc., ADP
U.S. Private-Sector Employment Increased by 162,000 Jobs in September, According to ADP National Employment Report Employment in the U.S. nonfarm private business sector increased by 162,000 from August to September, on a seasonally adjusted basis. The estimated gains in previous months were revised lower: The July increase was reduced by 17,000 to an increase of 156,000, while the August increase was reduced by 12,000 to an increase of 189,000. Employment in the private, service-providing sector expanded 144,000 in September, down from 175,000 in August. Employment in the private, good-producing sector added 18,000 jobs in the September. Manufacturing employment rose 4,000, while construction employment rose 10,000, the strongest since March when mild winter weather was boosting construction activity. The financial services sector added 7,000 jobs in September, marking the fourteenth consecutive monthly gain. Employment on large payrolls - those with 500 or more workers - increased 17,000 and employment on medium payrolls - those with 50 to 499 workers - rose 64,000 in September. Employment on small payrolls - those with up to 49 workers - rose 81,000 that same period. Of the 64,000 jobs created on medium-sized payrolls, 10,000 jobs were created by the goods-producing sector and 54,000 jobs were created by the service-providing sector. For more information, please visit the methodology section of the ADP National Employment Report website at http://ADPemploymentreport.com/methodology.aspx. Read more: http://www.adpemploymentreport.com/PDF/FINAL_Release_September_12.pdf These are released in .pdf format and discourage cutting and pasting, so I type in the text. http://www.adpemploymentreport.com/pdf/FINAL_Report_September_12.pdf "earthside" mentioned previous employment data. Here is a link to last month's Bureau of Labor Statistics report, which has links to many earlier reports. http://www.democraticunderground.com/1014221739 August payroll employment rises (+96,000); unemployment rate edges down (8.1%)
|
8 replies, 1863 views
| Author | Time | Post | |
| mahatmakanejeeves | Oct 2012 | OP | |
| Proud Liberal Dem | Oct 2012 | #1 | |
| skeewee08 | Oct 2012 | #2 | |
| Botany | Oct 2012 | #3 | |
| earthside | Oct 2012 | #4 | |
| dmallind | Oct 2012 | #5 | |
| mahatmakanejeeves | Oct 2012 | #7 | |
| WI_DEM | Oct 2012 | #6 | |
| Proud Liberal Dem | Oct 2012 | #8 |
Response to mahatmakanejeeves (Original post)
Wed Oct 3, 2012, 08:24 AM
Proud Liberal Dem (11,758 posts)
1. Good
|
although as we saw with previous months, the BLS reports aren't necessarily in sync with the ADP reports. Still, better an increase than a decrease, right?
|
Response to Proud Liberal Dem (Reply #1)
Wed Oct 3, 2012, 08:40 AM
skeewee08 (1,893 posts)
2. "Still better an increase than a decrease, right?"
|
Agree
|
Response to mahatmakanejeeves (Original post)
Wed Oct 3, 2012, 09:02 AM
Botany (36,059 posts)
3. Are You Better Off Now Than You Were Four Years Ago? P. Ryan
|
In a word Paul, yes.
|
Response to mahatmakanejeeves (Original post)
Wed Oct 3, 2012, 09:08 AM
earthside (4,642 posts)
4. Troubling.
|
ADP 'estimated' an increase of 201,000 for August.
BLS number turned out to be less than half that: 96,000. I wouldn't be surprised if Friday's BLS report shows little change, unemployment could actually tick up a tenth of a point or so. |
Response to earthside (Reply #4)
Wed Oct 3, 2012, 09:17 AM
dmallind (10,437 posts)
5. One point does not a pattern make
|
The two reports are very closely correlated over time, and ADP varies between being above and below govt numbers. The intent of neither report however is to match the other one - they have different methodologies and universes.
|
Response to earthside (Reply #4)
Wed Oct 3, 2012, 09:36 AM
mahatmakanejeeves (3,621 posts)
7. I'll edit the OP to add a link to that.
|
Thanks.
|
Response to mahatmakanejeeves (Original post)
Wed Oct 3, 2012, 09:20 AM
WI_DEM (32,524 posts)
6. everytime ADP comes out with good #'s the unemployment #'s contradict it
|
I hope that will not be the case on Friday. Obama needs good numbers on the unemployment rate.
|
Response to WI_DEM (Reply #6)
Wed Oct 3, 2012, 10:36 AM
Proud Liberal Dem (11,758 posts)
8. I hope so too
|
however the media (and the Republicans, of course) seriously exaggerate his ability to unilaterally positively affect unemployment. The Republican Congress is keeping his jobs bill bottled up and they're not going to do anything now to try to make things better (and thus help ensure President Obama's re-election). We'll pretty much just have to wait and see what the numbers are and hope that they're good (or at least that they don't harm President Obama too much). If the previous "bad" jobs reports haven't harmed President Obama too badly by this point, I don't know why the next two will either. Besides, Romney has no solutions to speak of and BTW why is NOBODY even asking why our esteemed "job creators" aren't creating jobs?
|

