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Wed Oct 4, 2017, 09:20 AM

Companies Add Fewest U.S. Workers in Nearly a Year, ADP Says

Last edited Wed Oct 4, 2017, 11:39 AM - Edit history (4)

Source: Bloomberg

Companies Add Fewest U.S. Workers in Nearly a Year, ADP Says

By Sho Chandra

October 4, 2017, 8:16 AM EDT October 4, 2017, 9:12 AM EDT

Companies last month added the fewest number of workers in nearly a year, reflecting a hit to the U.S. job market from hurricanes Harvey and Irma, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey.

HIGHLIGHTS OF ADP EMPLOYMENT (SEPTEMBER)

* Private payrolls rose by 135k (matching est.), the smallest gain since October 2016, after revised 228k increase in August
* Payrolls in goods-producing industries, which include builders and manufacturers, rose 48k
* Service providers added 88k workers, also the fewest in 11 months
* Hurricanes led to a decrease in net hiring at small companies, ADP says

Key Takeaways

The report is the latest to show economic data are being affected by the tropical storms. The swings may continue in coming months, following the pattern seen after major weather events such as superstorm Sandy in the Northeast in 2012.

Excluding the impact of the weather, the labor market continues to make progress, helping to underpin consumer spending, the biggest part of the economy. At the same time, employers face the challenge of finding skilled workers as the job market is tightening.

The ADP results provide a signal for the private payrolls tally in the September jobs report due from the Labor Department on Friday.



Read more: https://www.bloomberg.com/news/articles/2017-10-04/companies-in-u-s-added-135-000-jobs-in-september-adp-data-show



ETA, at 12:39 p.m., links to the source for this report:

https://www.adpemploymentreport.com/

https://www.adpemploymentreport.com/2017/September/NER/NER-September-2017.aspx

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Reply Companies Add Fewest U.S. Workers in Nearly a Year, ADP Says (Original post)
mahatmakanejeeves Oct 2017 OP
Submariner Oct 2017 #1
NCjack Oct 2017 #2
IronLionZion Oct 2017 #3
LovingA2andMI Oct 2017 #6
George II Oct 2017 #8
BigmanPigman Oct 2017 #4
IronLionZion Oct 2017 #7
George II Oct 2017 #9
IronLionZion Oct 2017 #10
George II Oct 2017 #11
IronLionZion Oct 2017 #12
George II Oct 2017 #14
LovingA2andMI Oct 2017 #5
UCmeNdc Oct 2017 #13

Response to mahatmakanejeeves (Original post)

Wed Oct 4, 2017, 09:22 AM

1. Thanks Obama.

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Response to mahatmakanejeeves (Original post)

Wed Oct 4, 2017, 09:26 AM

2. Obama's fault. He planted some bombs in the economy to embarrass Trump.

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Response to mahatmakanejeeves (Original post)

Wed Oct 4, 2017, 09:58 AM

3. Obama is deliberately sabotaging Trump's legacy

just look at him scheming and smiling

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Response to IronLionZion (Reply #3)

Wed Oct 4, 2017, 10:23 AM

6. Well, at least the smiling, scheming guy in the middle....

Can say "it's not his fault" this time. It's totally Trump's.

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Response to IronLionZion (Reply #3)

Wed Oct 4, 2017, 10:42 AM

8. You'll NEVER see trump as part of that group.

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Response to mahatmakanejeeves (Original post)

Wed Oct 4, 2017, 10:02 AM

4. Aren't they including all of those coal jobs?

There must be thousands in that field alone.

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Response to BigmanPigman (Reply #4)

Wed Oct 4, 2017, 10:39 AM

7. The deep state liberals within the private company ADP are cooking the numbers

to make Trump look bad

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Response to IronLionZion (Reply #7)

Wed Oct 4, 2017, 10:43 AM

9. Are you being sarcastic?

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Response to George II (Reply #9)

Wed Oct 4, 2017, 11:34 AM

10. Yes

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Response to IronLionZion (Reply #10)

Wed Oct 4, 2017, 11:35 AM

11. Whew! I thought so, thanks!

My father worked for ADP almost from the start, he was hired by eventual NJ Senator Frank Lautenberg.

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Response to George II (Reply #11)

Wed Oct 4, 2017, 11:42 AM

12. So liberals have been infiltrating them for generations now

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Response to IronLionZion (Reply #12)

Wed Oct 4, 2017, 11:48 AM

14. Considering that Lautenberg and my father were liberals, yes. Dirty scoundrels!!

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Response to mahatmakanejeeves (Original post)

Wed Oct 4, 2017, 10:21 AM

5. Trump's Economy.....

Will take the USA into the Toilet. This is just the beginning.

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Response to mahatmakanejeeves (Original post)

Wed Oct 4, 2017, 11:45 AM

13. yeah right...... Blame this downturn where the blame belongs....... This is Trump's economy!

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