ADP says 235,000 private-sector jobs added in October

[mahatmakanejeeves]

Source: MarketWatch

ADP says 235,000 private-sector jobs added in October

Published: Nov 1, 2017 9:33 a.m. ET

By GREG ROBB SENIOR ECONOMICS REPORTER

The numbers: Private-sector employment bounced back in October as employers added 235,000 jobs, ADP reported Wednesday

What happened: The gain in October ADP was higher than the 110,000 gain in September.



Small private-sector business employment rebounded to show a gain of 79,000 jobs in October, medium-size businesses added 66,000 and large businesses added 90,000. Most of those gains were in the service sector 150,000 jobs added there, compared with 85,000 for goods producers. There was a resurgence in construction jobs.

Big picture: The hurricanes are playing havoc on the labor market data. ADP was stronger than the governments data in September, but this should reverse in October. Economists polled by MarketWatch expect the governments report to show that nonfarm payroll jobs jumped by 320,000 in October after shrinking by 33,000 in September as a result of the hurricanes. Mark Zandi, chief economist of Moodys Analytics, said the average gain of 170,000 in ADP employment the past two months is the best way to read the data.

What they are saying?: Keep in mind, many thought the hurricane hangover would linger far beyond the initial first few weeks, but it appearsat least for nowthat it may have in fact boosted economic activity, said Mike Loewengart, vice president for investment strategy at E*Trade.
....

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

Read more: https://www.marketwatch.com/story/adp-says-235000-jobs-added-in-october-2017-11-01

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https://www.adpemploymentreport.com/

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

ADP National Employment Report: Private Sector Employment Increased by 235,000 Jobs in October

Private-sector employment increased by 235,000 from September to October, on a seasonally adjusted basis.
....

Total Employment

Change in Nonfarm Private Employment



Historical Trend

Change in Total Nonfarm Private Employment

[DK504]

1. Have they accounted for the millions that lost their

jobs in PR? Since the island is still destroyed.

[IronLionZion]

2. No, PR not included in these jobs numbers

[mahatmakanejeeves]

3. I wasn't sure about that, but apparently you're right.

All I have time for is to post the OP and then run off to do "work." When I saw your reply, I wasn't sure if ADP followed the same protocol as the BLS. I saw this post in ADP's Twitter feed:

35,000 private sector #jobs added in October per ADP National Employment Report. View report here: http://bit.ly/NEROctober2017 #JobsReport

Link to tweet

The map shows the 48 contiguous states, Alaska, and Hawaii. No Guam, no Northern Marianas Islands, and no Puerto Rico.

https://www.adpemploymentreport.com/2017/October/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-October2017-Final-Press-Release.pdf :

....
Mark Zandi, chief economist of Moody’s Analytics, said, “The job market rebounded strongly from the hit it took from Hurricanes Harvey and Irma. Resurgence in construction jobs shows the rebuilding is already in full swing. Looking through the hurricane-created volatility, job growth is robust.”

They affected Texas and Florida, so the effect of those hurricanes does count. Maria will not.

Thanks for writing.

[Fullduplexxx]

4. So 235k so long as you ignore all the jobs lost. Nice !

[humbled_opinion]

5. Yep they gotta do anything

to prop up good economic news before they unleash this terrible tax plan on us all.

[packman]

6. Wonder how many of those jobs are disaster related

what with hurricanes and fires. A lot of people have to rebuild, rewire, repair all that stuff.

[mahatmakanejeeves]

7. Unemployment claims soar as Puerto Rico's economy reels from a 'Category 5' hit

Unemployment claims soar as Puerto Rico's economy reels from a 'Category 5' hit

Retweeted by David Fahrenthold: https://twitter.com/Fahrenthold

Unemployment claims soar as Puerto Rico’s economy reels from a ‘Category 5’ hit

Link to tweet

Unemployment claims soar as Puerto Rico’s economy reels from a ‘Category 5’ hit

BY KYRA GURNEY
[email protected]

OCTOBER 31, 2017 2:40 PM

....
Since the Department of Labor reopened its offices on Oct. 6, at least 10,000 people have applied for unemployment benefits. That number is expected to keep growing. In just one week, from Oct. 19 to Oct. 26, the total number of new unemployment claims doubled from 5,000 to 10,000.

Even more Puerto Ricans have left the island. In Florida alone, more than 73,000 people have arrived from Puerto Rico through the Miami and Orlando airports and Port Everglades.

With hundreds of the island’s businesses expected to shutter permanently — and countless others to remain closed until electricity is restored — it’s unclear if, or when, Puerto Ricans will be able to return to work.

“We knew that one of the effects that hurricanes have in any jurisdiction is a potential effect on jobs,” said Carlos Saavedra Gutiérrez, Puerto Rico’s Secretary of Labor. “But Maria is a whole other ballgame. This doesn’t compare with anything.”

[joanbarnes]

8. Thanks Obama!