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Wed May 3, 2017, 09:53 AM

Private-sector hiring slowest in four months, ADP says

Source: MarketWatch

Private-sector hiring slowest in four months, ADP says

Published: May 3, 2017 9:41 a.m. ET

ADP job gains in April estimated at 177,000, down from a revised 255,000 in prior month

By
Greg
Robb
Senior economics reporter

WASHINGTON (MarketWatch) Private-sector hiring slowed in April to the slowest pace in four months, according to data released Wednesday. ... Employers expanded their workforce by a seasonally adjusted 177,000 jobs last month the fewest since December, ADP said.

Economists polled by Econoday had forecast an April gain in ADP employment of 170,000, compared with an originally reported increase of 263,000 for March. On Wednesday, ADP revised that months increase down to 255,000.
....

Economists use ADPs data to get a feeling for the Labor Departments employment report, which will be released Friday. It covers government jobs in addition to the private sector. ... ADP had a big miss in March, however, outrunning the private-sector reading within the governments report by 174,000.
....

Economists polled by MarketWatch expect the Labor Departments report to show that the pace of payroll gains picked up in April to 200,000 after a gain of only 98,000 in March.
....

Greg Robb is a senior reporter for MarketWatch in Washington. Follow him on Twitter @grobb2000.


Read more: http://www.marketwatch.com/story/private-sector-hiring-slows-to-177000-in-april-adp-says-2017-05-03

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Reply Private-sector hiring slowest in four months, ADP says (Original post)
mahatmakanejeeves May 2017 OP
ShakeWell May 2017 #1
mountain grammy May 2017 #2
DK504 May 2017 #9
LineNew Reply k
riversedge May 2017 #3
Dopers_Greed May 2017 #4
NoMoreRepugs May 2017 #5
jpak May 2017 #6
IronLionZion May 2017 #7
mahatmakanejeeves May 2017 #8

Response to mahatmakanejeeves (Original post)

Wed May 3, 2017, 10:00 AM

1. So I wonder what's changed?

Last edited Wed May 3, 2017, 10:57 AM - Edit history (1)

After continued economic growth since the GWB recession, what could've changed to start slowing things down? /s

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Response to mahatmakanejeeves (Original post)

Wed May 3, 2017, 10:05 AM

2. Rut roh.

People are depressed. I know I am. Don't want to travel, don't want to shop, don't want to go out. Maybe summer will help.. or a million citizens marching once a month..

Resist.

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Response to mountain grammy (Reply #2)

Wed May 3, 2017, 12:32 PM

9. Exactly.

People are too freaked out to spend any cash they have and business are waiting for employment laws to change so they can take more away from workers. JMO

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Response to mahatmakanejeeves (Original post)

Wed May 3, 2017, 10:28 AM

4. Non-existant wage growth is dampening things

The "housing boom" is sucking away everyone's money.

Even though I'm making a lot more now, I'm still below the national median, and rents in my area have gone up 50-100% since the recession.

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Response to mahatmakanejeeves (Original post)

Wed May 3, 2017, 10:46 AM

5. Oh boy, another Obama screw-up I guess

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Response to mahatmakanejeeves (Original post)

Wed May 3, 2017, 11:08 AM

6. A tremendous victory - tremendous

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Response to mahatmakanejeeves (Original post)

Wed May 3, 2017, 11:22 AM

7. We have an unpredictable lunatic in office making uninformed statements and decisions

about trade deals, foreign relations, war, domestic policies,

really doesn't inspire much confidence to hire or invest in growth. I'm predicting the Trump years to be low growth compared to the Obama years.

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Response to mahatmakanejeeves (Original post)

Wed May 3, 2017, 11:41 AM

8. Previously at DU:

[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 March 2017:

Unemployment rate declines to 4.5 percent in March; payroll employment edges up by 98,000

ADP[sup]®[/sup] (Automatic Data Processing), for employment in March 2017:

Private sector adds 263,000 jobs in March: ADP

Bureau of Labor Statistics, for employment in February 2017:

Payroll employment rises by 235,000 in February; unemployment rate changes little at 4.7%

ADP[sup]®[/sup] (Automatic Data Processing), for employment in February 2017:

ADP National Employment Report: Private Sector Employment Increased by 298,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2017:

Payroll employment rises by 227,000 in January; unemployment rate changes little (4.8%)

ADP[sup]®[/sup] (Automatic Data Processing), for employment in January 2017:

ADP National Employment Report: Private Sector Employment Increased by 246,000 Jobs in January

Bureau of Labor Statistics, for employment in December 2016:

Payroll employment rises by 156,000 in December; unemployment rate changes little (4.7%)

ADP[sup]®[/sup] (Automatic Data Processing), for employment in December 2016:

Private hiring slows in December, jobs market still solid

Bureau of Labor Statistics, for employment in November 2016:

Unemployment rate declines to 4.6% in November; payroll employment increases by 178,000

Bureau of Labor Statistics, for employment in October 2016:

Payroll employment rises by 161,000 in October; unemployment rate changes little (4.9%)

Bureau of Labor Statistics, for employment in September 2016:

Payroll employment increases by 156,000 in September; unemployment rate little changed...

Bureau of Labor Statistics, for employment in August 2016:

Payroll employment increases by 151,000 in August; unemployment rate unchanged at 4.9%

ADP[sup]®[/sup] (Automatic Data Processing), for employment in August 2016:

ADP National Employment Report: Private Sector Employment Increased by 177,000 Jobs in August

Bureau of Labor Statistics, for employment in July 2016:

Payroll employment increases by 255,000 in July; unemployment rate unchanged at 4.9%

ADP[sup]®[/sup] (Automatic Data Processing), for employment in July 2016:

ADP National Employment Report: Private Sector Employment Increased by 179,000 Jobs in July

Bureau of Labor Statistics, for employment in June 2016:

Payroll employment increases by 287,000 in June; unemployment rate rises to 4.9%

ADP[sup]®[/sup] (Automatic Data Processing), for employment in June 2016:

ADP National Employment Report: Private Sector Employment Increased by 172,000 Jobs in June

Bureau of Labor Statistics, for employment in May 2016:

Unemployment rate declines to 4.7% in May; payroll employment changes little (+38,000)

ADP[sup]®[/sup] (Automatic Data Processing), for employment in May 2016:

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

Bureau of Labor Statistics, for employment in April 2016:

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

ADP[sup]®[/sup] (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[sup]®[/sup] (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[sup]®[/sup] (Automatic Data Processing), for employment in March 2016:

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

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