ADP employment report

ADP Employment Report for December 2010 - 297,000 private sector jobs gained

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The ADP report for December 2010 it out and ADP is reporting a gain of 297,000 private sector jobs. This is the biggest service sector job gain, 270,000, in the history of the ADP report. The United States needs a good 175,000 jobs per month just to keep up with population growth and this is the first time we've seen any job growth like this for over 4 years, as reported by ADP.

 

ADP Employment Report for November 2010 - 93,000 private sector jobs gained

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The ADP report for November 2010 it out and ADP is reporting a gain of 93,000 private sector jobs. This is the biggest job gain in 3 years. Even more encouraging, the October private sector jobs numbers were revised, from 43,000 to 82,000. That's almost double what was originally reported. Now don't get your panties all in a bunch, this still is not enough to lower unemployment.

ADP Employment Report for October 2010 - 43000 private sector job gain

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ADP's private unemployment report for October is showing +43,000 private sector jobs were gained for the month. Additionally last month's dismal report was revised, for only a -2,000 private sector job loss. ADP is predicting lethargic job gains for the near future. We are too.

Employment gains of this magnitude are not sufficient to lower the unemployment rate.

ADP Employment Report for July 2010 - 42,000 private sector jobs

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The ADP national employment report shows 42,000 private sector jobs were created in July. Last month's numbers were revised from 13,000 to 19,000 for private sector jobs created.

July’s ADP Report estimates nonfarm private employment in the service-providing sector rose by 63,000. Employment in the goods-producing sector declined 21,000 during July while employment in the manufacturing sector decreased 6,000, the first decrease in six months.

Probably the worst bit of news from ADP is they see no evidence of acceleration in the number of jobs created each month. For the last six months employment has averaged 37,000 private sector jobs created each month.

This flatness, where unemployment statistics are staying at a local bottom, is also reflected in the initial weekly unemployment claims graph.

Nonfarm private employment in the service-providing sector rose by 63,000. Employment in the goods-producing sector declined 21,000 during July while employment in the manufacturing sector decreased 6,000, the first decrease in six months.

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