Thu Jan 3, 2013, 08:34 AM
mahatmakanejeeves (3,669 posts)
U.S. Economy Added 215,000 Private-Sector Jobs in December, According to ADP National Employment Rep
Last edited Thu Jan 3, 2013, 09:32 AM USA/ET - Edit history (6)
Source: ADP Payroll Services
U.S. Economy Added 215,000 Private-Sector Jobs in December, According to ADP National Employment Report
Roseland, N.J. - January 3, 2013 - Private sector employment increased by 215,000 jobs from November to December, according to the December ADP National Employment Report®, which is produced by Automatic Data Processing, Inc. (ADP®), a leading provider of human capital management 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. The November 2012 report, which reported job gains of 118,000 was revised upward by 30,000 to 148,000 jobs.
Goods-producing employment rose by 28,000 jobs in December as a large gain in construction jobs of 39,000 more than offset the 11,000 decline in manufacturing employment.
Service-providing jobs increased by 187,000. Among the service industries reported by the ADP National Employment Report, trade/transportation/tuilities services had the largest gain with 53,000 jobs added over the month. Professional/business services added 37,000 jobs and financial activities added 14,000 jobs in December.
Read more: http://www.adpemploymentreport.com/2012/December/NER/NER-December-2012.aspx
Good morning, Freepers and DUers alike. I especially welcome viewers from across the aisle. You're paying for this information too, so you ought to see this as much as anyone. 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.
BLS, for employment in November:
November payroll employment rises (+146,000); unemployment rate edges down (7.7%)
ADP, for employment in November:
U.S. Economy Added 118,000 Private-Sector Jobs in November, According to ADP National Employment Rep
ADP, for employment in October:
U.S. Economy Added 158,000 Private-Sector Jobs in October, According to ADP National Employment Report
BLS, for employment in September:
U.S. Economy Added 114,000 Jobs In September, Unemployment Falls To 7.8%
U.S. Bureau of Labor Statistics - The Employment Situation - September 2012
The charge was made that September’s BLS numbers were cooked. A fellow who used to head the BLS says this is not possible.
Impossible to Manipulate Labor Survey Data — Former BLS Head
By Geoffrey Rogow
ADP, for employment in September:
U.S. Private-Sector Employment Increased by 162,000 Jobs in September, According to ADP
BLS, for employment in August:
August payroll employment rises (+96,000); unemployment rate edges down (8.1%)
An increase of 96,000 is really lackluster. It's not just lackluster, but, as the first response says, &amp;amp;amp;quot;disappointing.&amp;amp;amp;quot; It's half the ADP estimate. Here is a quote from yesterday's ADP news release:
August 2012 Report
ADP, for employment in August:
The ADP National Employment Report August 2012
BLS, for employment in July:
July payroll employment rises (+163,000); jobless rate essentially unchanged (8.3%)
ADP, for employment in July. I heard an estimate earlier this morning that the growth in employment would be on the order of 100,000.
The ADP National Employment Report July 2012
BLS, for employment in June:
Payroll employment continues to edge up in June (+80,000); jobless rate unchanged (8.2%)
Of particular importance for the BLS estimate for June was this article from that day’s Wall Street Journal.
Unemployment Line Longer Than It Looks&amp;amp;amp;amp;amp;#8206;
AHEAD OF THE TAPE
Hmmm. Give that some thought. Also, when May's figures were released, Judson Phillips of Tea Party Nation was on Tom Hartmann that Friday night. He kept referring to the &amp;amp;amp;amp;quot;U-6 Number.&amp;amp;amp;amp;quot; That can be found in Table A15. It is &amp;amp;amp;amp;quot;Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.&amp;amp;amp;amp;quot; It appears in two forms, seasonally adjusted and non-seasonally adjusted. Either way, it is the least optimistic of all the estimates.
Thanks to DUer alp227, you can watch Judson Phillips’s appearance on Tom Hartmannn here: http://www.democraticunderground.com/1014184289#post12
ADP, for employment in June:
ADP jobs up 176,000 (for June)
BLS, for employment in May:
May payroll employment changes little (+69,000); jobless rate essentially unchanged (8.2%)
ADP, for employment in May:
May change in employment +133,000
BLS, for employment in April:
Payroll employment rises 115,000 in April; unemployment rate changes little (8.1%)
ADP and Gallup, for employment in April:
There were four related threads about the April jobs estimate at DU already. Three are in General Discussion, and they are based on the figures from ADP. The fourth, in LBN, paints a contrasting picture. It relies on the figures from Gallup.
Per CNBC - ADP Numbers bad, posted by Laura PourMeADrink
BAD: ADP JOBS REPORT MISSES EXPECTATIONS BY A MILE, posted by xchrom
ADP &amp;amp;amp;amp;amp; TrimTabs Showing Much Weaker Payrolls Ahead of Unemployment Report, posted by marmar
U.S. Job Creation Nears Four-Year High, posted by brooklynite
There's a joke about economists in there somewhere.
Payroll employment rises 120,000 in March; unemployment rate changes little (8.2%)
Businesses Adding 209,000 New Jobs Last Month Fail To Ignite Market Rally
ADP Estimates U.S. Companies Added 216,000 Jobs in February, posted by Gruntled Old Man
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™
5 replies, 1348 views
U.S. Economy Added 215,000 Private-Sector Jobs in December, According to ADP National Employment Rep (Original post)
Response to mahatmakanejeeves (Original post)
Thu Jan 3, 2013, 09:13 AM
Botany (36,163 posts)
1. Is there no stopping that Kenyan, Socialist, Muslim, Communist?
Thanx for posting!
The stimulus worked end of story ..... can you imagine if Obama had a Congress that worked
with him and for the American people?
Response to mahatmakanejeeves (Original post)
Thu Jan 3, 2013, 09:18 AM
RC (21,873 posts)
2. And how many of these 215,000 Private-Sector Jobs are Living-Wage-Jobs?
Otherwise, without Living-Wage-Jobs, we are still going backwards. Just-Jobs are the route to 3rd World Status.
Have you noticed that very seldom are anything other than Just-Jobs is mentioned? You do not hear about Living-Wage-Jobs, with benefits, in the media, just jobs.
Response to RC (Reply #2)
Thu Jan 3, 2013, 10:08 AM
jschurchin (1,349 posts)
3. Good question RC.
I guess it depends on the part of the nation you live in.
In my area, SW Pennsylvania, $15/hr is a decent wage. In Los Angeles, $15/hr is poverty. If I had to venture a guess, I would say about 10% of the 215,000 pay a living wage. However, even that guess might be generous.