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Wed Jun 3, 2020, 07:29 AM

Private-sector employment decreased by 2,760,000 from April to May, on a seasonally adjusted basis.

Source: ADP; Automatic Data Processing

Private-sector employment decreased by 2,760,000 from April to May, on a seasonally adjusted basis.

https://adpemploymentreport.com/2020/May/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-May2020-Final-Press-Release.pdf

ADP National Employment Report: Private Sector Employment Decreased by 2,760,000 Jobs in May; the May NER Utilizes Data Through May 12 and Does Not Reflect the Full Impact of COVID-19 on the Overall Employment Situation

ROSELAND, N.J. - June 3, 2020 - Private sector employment decreased by 2,760,000 jobs from April to May according to the May ADP National Employment Report.

The report utilizes data through the 12th of the month. The NER uses the same time period the Bureau of Labor and Statistics uses for their survey. As such, the May NER does not reflect the full impact of COVID-19 on the overall employment situation.

Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute 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.

Read more: https://adpemploymentreport.com/2020/May/NER/NER-May-2020.aspx



This is much better than estimated. I had heard an estimate of 9 million on the radio earlier this morning.

Total Employment
Change in Nonfarm Private Employment



Historical Trend
Change in Total Nonfarm Private Employment



Change By Company Size
Change in Total Nonfarm Private Employment by Company Size

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Reply Private-sector employment decreased by 2,760,000 from April to May, on a seasonally adjusted basis. (Original post)
mahatmakanejeeves Jun 2020 OP
Newest Reality Jun 2020 #1
Bengus81 Jun 2020 #2
progree Jun 2020 #3
beachbumbob Jun 2020 #4
progree Jun 2020 #5
mahatmakanejeeves Jun 2020 #6

Response to mahatmakanejeeves (Original post)

Wed Jun 3, 2020, 07:35 AM

1. I guess...

I guess the stock market is very concerned.

The divorce changed them. They don't care about us anymore and recieved all of the settlement. We are on our own.

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Response to mahatmakanejeeves (Original post)

Wed Jun 3, 2020, 07:38 AM

2. 20% unemployment numbers relased soon and the stock market soars........

Futures are up another 200+ points this morning on top of the DOW going up another 267 points yesterday. I thought Trump, his Magots and Republicans were the only ones that were 100% out of touch with reality.

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Response to mahatmakanejeeves (Original post)

Wed Jun 3, 2020, 07:59 AM

3. The ADP numbers cover only about 20% of the nation's private workforce

The ADP numbers cover only about 20% of the nation's private workforce.
https://www.federalreserve.gov/newsevents/speech/powell20191008a.htm

(One constantly reads on DU that the ADP is better than the BLS's jobs survey because the ADP uses actual payroll data whereas the BLS's non-farm payroll survey is "just a survey". But ADP does not process all private employment payrolls, just 20%. And then somehow they extrapolate the other 80%. ).

Typically (and this was also true even when Obama was president), in months when the ADP report was significantly worse (i.e. lower job gains or greater job losses) than the BLS numbers, then there are posts about how ADP numbers are more reliable because they are "real payroll data". Whereas when the BLS numbers are worse, it's crickets -- the ADP survey goes unmentioned. And so it goes.

The monthly BLS jobs report comes out Friday, June 5, 2 days from now. (For the rest of the year, the BLS report comes out on the first Friday of the month).

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Response to mahatmakanejeeves (Original post)

Wed Jun 3, 2020, 08:18 AM

4. data doen;t jive with new claims for unemployment in same period

 

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Response to mahatmakanejeeves (Original post)

Wed Jun 3, 2020, 09:32 AM

5. Consensus economists expected private sector job losses to total 9 million for May, according to

Bloomberg data. ((A big miss from the ADP report's 2.76 M -Progree))

In April, private-sector job losses were at a record high of 19.557 million, following revisions from the 20.236 million cuts previously reported, ADP said.

“The impact of the COVID-19 crisis continues to weigh on businesses of all sizes,” Ahu Yildirmaz, co-head of the ADP Research Institute, said in a statement. “While the labor market is still reeling from the effects of the pandemic, job loss likely peaked in April, as many states have begun a phased reopening of businesses.”''

https://finance.yahoo.com/news/adp-jobs-report-may-coronavirus-pandemic-121650795.html

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Response to mahatmakanejeeves (Original post)

Fri Jun 5, 2020, 07:35 AM

6. Links to earlier reports:

Good morning, all.

Fri May 8, 2020: Links to earlier reports:

Friday, April 3, 2020: Links to earlier reports:

Wednesday, March 4, 2020: Links to earlier reports:

Friday, February 7, 2020: Links to earlier reports:

Thursday, January 9, 2020: Links to earlier reports:

Updated from this post of Friday, December 6, 2019: Good morning. Links to earlier reports:

-- -- -- -- -- --

[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:

ADP[sup]®[/sup] (Automatic Data Processing), for employment in May 2020:

Private-sector employment decreased by 2,760,000 from April to May, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in April 2020:

Jobless rate soared to 14.7% in April as U.S. shed 20.5 million jobs amid coronavirus pandemic

ADP[sup]®[/sup] (Automatic Data Processing), for employment in April 2020:

ADP National Employment Report: Private Sector Employment Decreased by 20,236,000 Jobs in April

Bureau of Labor Statistics, for employment in March 2020:

Nonfarm payroll employment falls by 701,000 in March; unemployment rate rises to 4.4%

ADP[sup]®[/sup] (Automatic Data Processing), for employment in March 2020:

Private-sector employment decreased by 27,000 from February to March, on a seasonally adjusted basis

Bureau of Labor Statistics, for employment in February 2020:

The U.S. labor market showed strength in February, adding 273,000 jobs

ADP[sup]®[/sup] (Automatic Data Processing), for employment in February 2020:

U.S. adds 183,000 private-sector jobs in February, ADP says

Bureau of Labor Statistics, for employment in January 2020:

The economy added 225,000 jobs in January, showing continued strength

ADP[sup]®[/sup] (Automatic Data Processing), for employment in January 2020:

ADP says 291,000 private-sector jobs created in January, largest gain in 4 years

Bureau of Labor Statistics, for employment in December 2019:

Economy adds 145,000 jobs in December as unemployment rate remains at 3.5 percent

ADP[sup]®[/sup] (Automatic Data Processing), for employment in December 2019:

U.S. private sector adds the most jobs in eight months

Bureau of Labor Statistics, for employment in November 2019:

Labor market remained strong in November as U.S. economy added 266,000 jobs

ADP[sup]®[/sup] (Automatic Data Processing), for employment in November 2019:

U.S. private sector job growth slows down sharply in November: ADP

Bureau of Labor Statistics, for employment in October 2019:

U.S. economy added 128,000 jobs in October as GM strike displaced workers; jobless rate ticks up

Bureau of Labor Statistics, for employment in September 2019:

U.S. economy added just 136,000 jobs in September, in fresh sign economy is cooling

ADP[sup]®[/sup] (Automatic Data Processing), for employment in September 2019:

ADP National Employment Report: Private Sector Employment Increased by 135,000 Jobs in September

Bureau of Labor Statistics, for employment in August 2019:

U.S. economy adds just 130,000 jobs in August amid worries

ADP[sup]®[/sup] (Automatic Data Processing), for employment in August 2019:

Survey: Businesses added a solid 195,000 jobs in August

Bureau of Labor Statistics, for employment in July 2019:

U.S. Added 164,000 Jobs in July; Unemployment Rate at 3.7 Percent

ADP[sup]®[/sup] (Automatic Data Processing), for employment in July 2019:

ADP says 156,000 private-sector jobs added created in July

Bureau of Labor Statistics, for employment in June 2019:

Hiring rebounds as U.S. economy adds 224,000 jobs in June;unemployment rate inched up to 3.7 percent

ADP[sup]®[/sup] (Automatic Data Processing), for employment in June 2019:

U.S. private sector hiring picks up less than expected in June: ADP

Bureau of Labor Statistics, for employment in May 2019:

The U.S. economy added only 75,000 jobs in May amid bite from Trump's trade war

ADP[sup]®[/sup] (Automatic Data Processing), for employment in May 2019:

ADP private-sector job growth tumbles to a 9-year low in May

Bureau of Labor Statistics, for employment in April 2019:

UPDATE: U.S. unemployment fell to 3.6 percent, lowest since 1969

ADP[sup]®[/sup] (Automatic Data Processing), for employment in April 2019:

ADP National Employment Report: Private Sector Employment Increased by 275,000 Jobs in April

Bureau of Labor Statistics, for employment in March 2019:

UPDATE: U.S. added 196,000 jobs in March as economy shows signs of spring bounce

ADP[sup]®[/sup] (Automatic Data Processing), for employment in March 2019:

Private sector hiring falls to 18-month low, and manufacturing sheds jobs, ADP says

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