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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 08:59 AM
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Private sector adds most jobs in nearly a year
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Source: Reuters

NEW YORK (Reuters) - Private sector job growth accelerated in November as employers created the most jobs in nearly a year, prompting economists to raise their forecasts for Friday's more comprehensive U.S. labor report.

The ADP National Employment Report on Wednesday showed private employers added 206,000 jobs this month, surpassing economists' expectations for a gain of 130,000 jobs. It was the biggest gain since December 2010.

"The ADP news is very good news. The private sector is adding jobs," said Wayne Kaufman, chief market analyst at John Thomas Financial in New York.


October's private payrolls growth was revised up to an increase of 130,000 from the previously reported 110,000. The ADP report is jointly developed with Macroeconomic Advisers LLC.

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  -Private sector adds most jobs in nearly a year ProSense  Nov-30-11 08:59 AM   #0 
  - ADP is as accurate as my left nut. Almost all of it in "service-providing" jobs.  Roland99   Nov-30-11 09:06 AM   #1 
  - Well,  ProSense   Nov-30-11 09:14 AM   #2 
  - Is there something wrong with "service-providing" jobs?  Nye Bevan   Nov-30-11 09:19 AM   #3 
  - sure..if you don't mind low-paying, no benefits, part-time, etc.  Roland99   Nov-30-11 09:24 AM   #6 
  - Nurses, teachers, firefighters - all service jobs are somehow inferior to a wrench turner on a line  dmallind   Nov-30-11 09:24 AM   #7 
     - or working in a factory processing chicken pieces (nt)  Nye Bevan   Nov-30-11 09:28 AM   #11 
     - except government cutbacks are hurting the ranks of teachers, first responders, etc.  Roland99   Nov-30-11 09:29 AM   #12 
     - the point is "add jobs" - teachers are being assaulted and replaced with long term temps nt  msongs   Nov-30-11 12:12 PM   #22 
  - Funny - it was worth posting here....  dmallind   Nov-30-11 09:22 AM   #4 
  - nothing wrong with posting data points in the SMW thread. You must not go there much.  Roland99   Nov-30-11 09:23 AM   #5 
     - Only when they're down somehow....  dmallind   Nov-30-11 09:25 AM   #8 
        - oh really? then what's this?  Roland99   Nov-30-11 09:27 AM   #10 
           - We get it. You want to piss on the good news. Do expect us to like it?  MjolnirTime   Nov-30-11 10:21 AM   #17 
              - not pissing on anything.  Roland99   Nov-30-11 10:36 AM   #19 
  - No, this is significant  Yo_Mama   Nov-30-11 09:26 AM   #9 
  - Not good enough for you, huh? You must not be out of work.  MjolnirTime   Nov-30-11 10:19 AM   #15 
  - So how much of this is  Muskypundit   Nov-30-11 09:30 AM   #13 
  - Exactly what I think! nt  snappyturtle   Nov-30-11 09:43 AM   #14 
  - I see your first reaction is detraction. Nice.  MjolnirTime   Nov-30-11 10:20 AM   #16 
  - Naturally. These numbers are complete bogus that change all the time for time periods already passed  Muskypundit   Nov-30-11 11:37 AM   #21 
  - "Macy's To Hire Thousands" (78,000 temp jobs)  OhioChick   Nov-30-11 07:04 PM   #26 
  - Good news.  Scurrilous   Nov-30-11 10:23 AM   #18 
  - I can't understand unrec'ng positive news. Rush isn't alone in hoping for failure. nt+  Cognitive_Resonance   Nov-30-11 10:44 AM   #20 
  - Obama must fail - doomers uber alles  jpak   Nov-30-11 06:57 PM   #24 
  - Republicans are in deep despair with all this positive news.  DCBob   Nov-30-11 05:35 PM   #23 
  - Kick and Rec  Kingofalldems   Nov-30-11 07:00 PM   #25 

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