ADP National Employment Report: Private Sector Employment Increased by 173,000 Jobs in May

[mahatmakanejeeves]

Source: Automatic Data Processing

ADP National Employment Report: Private Sector Employment Increased by 173,000 Jobs in May

ROSELAND, N.J. – June 2, 2016 – Private sector employment increased by 173,000 jobs from April to May according to the May ADP National Employment Report^®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP^® 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.
....

Total Employment

Change in Nonfarm Private Employment



Historical Trend

Change in Total Nonfarm Private Employment



Source: Automatic Data Processing, ADP^®

Read more: http://www.adpemploymentreport.com/2016/May/NER/NER-May-2016.aspx

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Source: Automatic Data Processing, ADP^®

MarketWatch is reporting a median forecast for today's ADP report of a gain of 165,000. It is reporting a forecast of a gain of 155,000 and an unemployment rate of 4.9% from the Bureau of Labor Statistics (BLS) on Friday.

ADP Private Payrolls Rise, as Verizon Strike Doesn’t Affect May Tally

Private-sector hiring rose by 173,000 in May in the latest sign the U.S. job market remains solid

By Lisa Beilfuss

Updated June 2, 2016 9:15 a.m. ET

Private-sector hiring rose in May, the latest sign that the U.S. job market remains solid.

Private payrolls across the U.S. rose by 173,000 last month, said payroll processor Automatic Data Processing Inc. and forecasting firm Moody’s Analytics. Economists surveyed by The Wall Street Journal expected an increase of 170,000.

[center]Past Performance is Not a Guarantee of Future Results.[/center]

Nonetheless, what is important is not this month's results, but the trend. Let’s look at some earlier numbers:

Bureau of Labor Statistics, for employment in April 2016:

Payroll employment increases by 160,000 in April; unemployment rate unchanged at 5.0%

ADP^® (Automatic Data Processing), for employment in April 2016:

ADP National Employment Report: Private Sector Employment Increased by 156,000 Jobs in April

Bureau of Labor Statistics, for employment in March 2016:

Payroll employment rises by 215,000 in March; unemployment rate little changed at 5.0%

ADP^® (Automatic Data Processing), for employment in March 2016:

ADP National Employment Report: Private Sector Employment Increased by 200,000 Jobs in March

Bureau of Labor Statistics, for employment in February 2016:

Payroll employment rises by 242,000 in February; unemployment rate unchanged at 4.9%

ADP^® (Automatic Data Processing), for employment in February 2016:

ADP National Employment Report: Private Sector Employment Increased by 214,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2016:

Payroll employment rises by 151,000 in January; unemployment rate changes little (4.9%)

ADP^® (Automatic Data Processing), for employment in January 2016:

ADP National Employment Report: Private Sector Employment Increased by 205,000 Jobs in January

Bureau of Labor Statistics, for employment in December 2015:

Payroll employment rises by 292,000 in December; unemployment rate unchanged at 5.0%

ADP^® (Automatic Data Processing), for employment in December 2015:

ADP National Employment Report: Private Sector Employment Increased by 257,000 Jobs in December

Bureau of Labor Statistics, for employment in November 2015:

Payroll employment rises by 211,000 in November; unemployment rate unchanged at 5.0%

ADP^® (Automatic Data Processing), for employment in November 2015:

ADP National Employment Report: Private Sector Employment Increased by 217,000 Jobs in November

[LonePirate]

1. Yet another month disproves RW claims of Obama and the ACA being job killers.

[IronLionZion]

2. ADP sounds like a socialist organization conspiring with Obama

even though they are a private sector company.

Trump and other republicans repeatedly insist these numbers are BS and things are actually terrible.

[cynzke]

4. GOP MOTTO: DENY AND LIE!

[Gene Debs]

3. What always seems to be lacking in these headlines is whether they're

decent-paying jobs or whether they're shit jobs that you can work two of them and still not be able to live on it. I suspect it's probably more of the latter. Because you keep reading about "this many thousand jobs added" and "X-thousand new jobs!" year after year and still nobody has any f***ing money.

[mahatmakanejeeves]

5. May saw strong hiring in construction and services industries, ADP report says

Main Street Morning: May saw strong hiring in construction and services industries, ADP report says

By Gene Marks June 2 at 10:26 AM

That article links to:

Survey: US companies add a solid 173,000 jobs in May

By CHRISTOPHER S. RUGABER
AP Economics Writer

WASHINGTON (AP) -- U.S. businesses added 173,000 jobs last month, lifted by strong gains in services industries, according to a private survey. ... Payroll processor ADP said Thursday that construction firms also hired more workers, while manufacturers shed jobs. Large job gains occurred in retail, shipping, and utilities companies, as well as in professional services such as accounting and engineering.

The figures nearly matched a gain of 166,000 in April. That suggests hiring has slowed a bit from an average of about 210,000 a month over the previous six months, according to ADP. Still, last month's job gains, if sustained, are enough to lower the unemployment rate over time.

"Broadly speaking, the ADP data look consistent with our view that the trend in payroll growth is moderating, but not weakening substantially," David Silver, an economist at JPMorgan Chase, said in a research note.
....

The ADP survey wasn't affected by the Verizon workers' strike, which caused about 35,000 people to drop off payrolls for most of May. Economists forecast that will lower the government's jobs tally on Friday.

[whatthehey]

8. I must stress some things here.

The traditional know-nothing response to seeing gains in "service" jobs is to think this....

... Payroll processor ADP said Thursday that construction firms also hired more workers, while manufacturers shed jobs. Large job gains occurred in retail, shipping, and utilities companies, as well as in professional services such as accounting and engineering.


Nobody ever seems to consider this....

... Payroll processor ADP said Thursday that construction firms also hired more workers, while manufacturers shed jobs. Large job gains occurred in retail, shipping, and utilities companies, as well as in professional services such as accounting and engineering.


Apparently only jobs standing on a production line count as good jobs. Engineers and accountants and utillities staff are McJobs

[IronLionZion]

12. There were increases in Trade, Transportation, Financial, Professional, and Business

which are all considered McJobs to Republicans.

When I tell people that universal health care will create tons of health care jobs, Republicans always tell me those jobs require too much education and take too long and we need faster jobs (fast like fast food?)

[IronLionZion]

6. Trump has f***ing money.

and the report has the breakdown by industry: http://www.adpemploymentreport.com/2016/April/NER/NER-April-2016.aspx

[whatthehey]

7. And yet median pay goes up

Which is not possible if all new jobs paid crap...

http://www.bls.gov/news.release/wkyeng.t01.htm

[whatthehey]

10. Sorry, but as for most doomer excuses, the data belie this

The ratio of people working multiple jobs has been on a steady slow decline through both boom and bust ion the last 20+ years (not that the decline started then, just as far back as I can find data) and is now just 4.9% of the population.


http://www.bls.gov/opub/mlr/2010/07/art3full.pdf
http://www.bls.gov/cps/cpsaat36.htm

[IronLionZion]

11. Correction: link to May report

http://www.adpemploymentreport.com/2016/May/NER/NER-May-2016.aspx

[mahatmakanejeeves]

9. Tightening U.S. labor market boosts economic growth outlook

Markets | Thu Jun 2, 2016 11:25am EDT
Tightening U.S. labor market boosts economic growth outlook

WASHINGTON | By Lucia Mutikani

U.S. private employers increased hiring in May and new applications for jobless benefits fell last week, further boosting the economic outlook for the second quarter.

Another report on Thursday showed planned layoffs by U.S.-based employers fell 53 percent to a five-month low last month.

The steady stream of upbeat data suggest the economy is regaining momentum after growth slowed sharply at the start of the year, which could allow the Federal Reserve to raise interest rates later this month or in July.
....

The ADP National Employment Report showed private payrolls increased 173,000 last month on top of the 166,000 jobs added in April. Gains in private employment were nearly broad-based last month, though manufacturing lost 3,000 jobs. ... The construction industry added 13,000 jobs and services industry employment increased by 175,000 jobs.

I'm looking for that other "report on Thursday."

Nothing here: MarketWatch Economic Calendar

Got it: May 2016 Job Cuts Fall to Five-Month Low to 30,157