The ADP National Employment Report August 2012 [View all]

[mahatmakanejeeves]

Source: ADP Payroll Services

August 2012 Report

Employment in the U.S. nonfarm private business sector increased by 201,000 from July to August, on a seasonally adjusted basis. The estimated gain from June to July was revised up from the initial estimate of 163,000 to 173,000. Employment in the private, service-providing sector expanded 185,000 in August, up from 156,000 in July. Employment in the private, goods-producing sector added 16,000 jobs in August. Manufacturing employment rose 3,000, following an increase of 6,000 in July.

Read more: http://www.adpemploymentreport.com/pdf/FINAL_Release_August_12.pdf

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This is a big increase. I heard on the radio this morning that an increase of 149,000 was expected.

See also:

http://www.adpemploymentreport.com/

http://www.adpemploymentreport.com/pdf/FINAL_Report_August_12.pdf

The Bureau of Labor Statistics will release its numbers on Friday at 8:30 a.m. Same Bat-time, same Bat-channel.

The ADP National Employment Report July 2012

So how many jobs must be created every month to have an effect on the unemployment rate? There's an app for that.

http://www.frbatlanta.org/chcs/calculator/index.cfm
Federal Reserve Bank of Atlanta Jobs Calculator™

Link to June's BLS report, which is chock-full of links to previous ADP and BLS reports:

http://www.democraticunderground.com/1014160067
Payroll employment continues to edge up in June (+80,000); jobless rate unchanged (8.2%)