The ADP employment report shows a loss of 20,000 jobs in February, the smallest decline since February 2008. An amazing revision for last month, 22,000 to 60,000!
Yet another employment report and yet more job losses. The ADP report shows a loss of 22,000 jobs but the bad news is more the loss of 25,000 jobs in manufacturing alone. Construction, no surprise there, lost 37,000 jobs.
Jobs in the service sector increased by 38,000, while goods-producing industries cut 60,000, including 25,000 in manufacturing
Nonfarm private employment decreased 84,000 from November to December 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from October to November was revised by 24,000, from a decline of 169,000 to a decline of 145,000.
The decline in December was the smallest since March of 2008. Employment losses are now rapidly diminishing and, if recent trends continue, private employment will begin rising within the next few months.
December’s ADP Report estimates nonfarm private employment in the service-providing sector increased by 12,000, the first increase since March of 2008. However, this employment growth
ADP is the largest private payroll, outsourced HR company and they have been so gracious to tabulate up employment estimates from being in this business.
Nonfarm private employment decreased 532,000 from April to May 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of
employment from March to April was revised by 54,000, from a decline of 491,000 to a decline of 545,000.
Monthly employment losses in April and May averaged 539,000. This is a notable improvement over the first three months of the year, when monthly losses averaged 691,000.
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