Wed Sep 2, 2020, 07:19 AM
mahatmakanejeeves (35,033 posts)
Private-sector employment increased by 428,000 from July to August, on a seasonally adjusted basis.
Source: ADP; Automatic Data Processing
Private-sector employment increased by 428,000 from July to August, on a seasonally adjusted basis. 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 ![]() {snip} https://adpemploymentreport.com/2020/August/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-August2020-Final-Press-Release.pdf ADP National Employment Report: Private Sector Employment Increased by 428,000 Jobs in August ROSELAND, N.J. – September 2, 2020 – Private sector employment increased by 428,000 jobs from July to August according to the August ADP National Employment Report®. 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. {snip} Read more: https://adpemploymentreport.com/2020/August/NER/NER-August-2020.aspx The gain from June to July was 167,000.
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6 replies, 801 views
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Author | Time | Post |
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mahatmakanejeeves | Sep 2020 | OP |
brush | Sep 2020 | #1 | |
still_one | Sep 2020 | #2 | |
SergeStorms | Sep 2020 | #4 | |
bucolic_frolic | Sep 2020 | #3 | |
mahatmakanejeeves | Sep 2020 | #5 | |
mahatmakanejeeves | Sep 2020 | #6 |
Response to mahatmakanejeeves (Original post)
Wed Sep 2, 2020, 07:21 AM
brush (33,944 posts)
1. 400k sounds like a lot, but that leaves how many millions still unemployed in trump's recession?
Response to mahatmakanejeeves (Original post)
Wed Sep 2, 2020, 07:22 AM
still_one (76,811 posts)
2. I don't think these are new jobs being created, but calling back people who have been temporarily
furloughed
At the same time there are other companies who are laying people off |
Response to still_one (Reply #2)
Wed Sep 2, 2020, 08:02 AM
SergeStorms (10,334 posts)
4. Exactly.
Unemployment is still hovering around 10%, so any "added jobs" are people who'd already been furloughed or laid off. Just more Trump propaganda.
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Response to mahatmakanejeeves (Original post)
Wed Sep 2, 2020, 07:28 AM
bucolic_frolic (23,116 posts)
3. 20% of them must be pickers
because people are too afraid to go to the store
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Response to mahatmakanejeeves (Original post)
Wed Sep 2, 2020, 08:24 AM
mahatmakanejeeves (35,033 posts)
5. Links to earlier reports:
Response to mahatmakanejeeves (Original post)
Thu Sep 3, 2020, 07:17 AM
mahatmakanejeeves (35,033 posts)
6. Bad news for jobs: ADP employment report disappoints
23 hr 48 min ago
Bad news for jobs: ADP employment report disappoints From CNN Business' Anneken Tappe Ooff, what a start to the day. The ADP employment report came in quite a lot worse than expected. Economists had predicted 950,000 new jobs in the private payrolls report for August, but ADP reported just 428,000 jobs were added last month. For those watching the ADP report as an indicator for Friday's government jobs report, disappointment could be on the horizon. Economists expect 1.4 million jobs added to the economy in August, bringing the unemployment rate to 9.8%. It would be the first time since April that the jobless rate is below the peak of the Great Recession. The ADP report showed that large companies had the strongest job gains and that the leisure and hospitality sector continues to add back the most jobs. The sector was decimated by the spring lockdown and gaining back all the lost jobs will take the biggest rebound. |