Private Sector Job Creation Highest Ever For ADP Report (an eye-popping 297,000 jobs, Nov. to Dec.)

CNBC ^ | 01/05/2011

[SeekAndFind]

The private sector created an eye-popping 297,000 jobs from November to December, according a report from ADP that was the highest number the payroll firm has ever reported.

In its monthly report compiled with Macroeconomic Advisors, ADP said the service sector accounted for the bulk of the creation, with 270,000 jobs while goods producers supplied the remaining 27,000.

Manufacturing saw a gain of 23,000 jobs while construction was unchanged. Large businesses saw the fewest gains, with 36,000 jobs, while medium-sized businesses, with between 50 and 499 workers, created 144,000 positions.

The number was far higher than the 100,000 economists expected the ADP report to show and sets the stage for what could be a positive surprise Friday when the government releases its monthly nonfarm jobs report. That report is expected to show 140,000 jobs were created.

Economists sometimes will use the ADP report to fine-tune their numbers, though the report has varied in its ability to predict the true national jobless picture.

"In the underlying ADP data there is a very clear pattern of acceleration now," Joel Prakken, chairman of Macroeconomic Advisors, told CNBC shortly after the report was released. "I would not discount today's number as a total fluke. I think there is a strong signal in here."

[poobear]

Temporary Holiday positions? Several hundred of them around my neck of the woods.

[null and void]

Christmas hires?

More companies outsourcing payroll?

[PeteB570]

I wonder how many of those were temp hires for the Christmas Shopping Season. One of my daughters was hired during that period - and is now looking for work.

[KansasGirl]

Businesses breathed a sigh of relief and did some hiring thanks to the election of a GOP House! Just imagine if the Senate had gone GOP as well!

[Carley]

How does this fit with the report yesterday that most big cities lost jobs last month?

[NonValueAdded]

Yep, first thought is seasonal employment spike. Then again, it could be bill collectors and foreclosure specialists being hired. I’m sure those industries are booming.

[Bob]

Businesses breathed a sigh of relief and did some hiring thanks to the election of a GOP House! Just imagine if the Senate had gone GOP as well!

While I believe that's certainly a part of it, the extent will only be able to be confirmed with the release of the Dec-Jan and Jan-Feb numbers. I'd expect that there will be a dip in Dec-Jan (with temporary holiday workers being let go). The Jan-Feb numbers, though, should give us a much clearer picture of what's really happening.

[Lazamataz]

Elections have consequences.

Business breathes easier now.

[SeekAndFind]

One thing to consider:

For the first time in a long time, the construction industry didn’t lose jobs.

[DoughtyOne]

I’m waiting patiently for the deathly silence at the end of January, as these seasonal temp jobs and more have all evaporated.

The media’s lord and savior be praised... (gag me...)

[Gaffer]

If one were to check into things, it would be more basic than the simple explanation of "Christmas jobs" or whatever.

How about ADP getting a waiver for health care requirements? How about ADP getting exemptions in one form or another on taxes, withholding, etc? How about ADP getting threats from Holder for racism, tax evasion, or any other trumped up charge?

When all else fails, follow the money! If it ain't money, follow the threats, coersion or bullying! If it ain't any of those, then look at the CEO and check his/her donations to the Democrat Party. I don't believe this even for a New York Minute.

[FromLori]

Wow some mainly service sector jobs (likely the majority of those temporary) this is huge (sarc)

“Here’s the problem:

According to the ADP Report, employment in the service-providing sector rose by 270,000 in December, the eleventh consecutive monthly gain and the largest monthly increase in the history of the report.”

Continue http://market-ticker.org/akcs-www?post=176507

[privatedrive]

Thanks you Repub and Tea Party voters. Companies are already starting to hire because they know that sanity has returned.

[steve86]

Employment index of the ISM did not confirm.

[justlurking]

Business breathes easier now.

That's what I think, too. Small businesses owners (for which ADP does payroll for a LOT of them) are finally not afraid of what Congress might do next to screw them.

It also coincides with the period when it became obvious that income taxes weren't going up in 2011.

[The Comedian]

Uh, ADP is a company that provides payroll services. All this means is that, perhaps, 297,000 people whose payroll tasks were being handled internally by a Payroll Dept are now having their checks sent by ADP.

And those Payroll Dept people are now unemployed. No new jobs.

How's that for a Debbie Downer theory?

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[the_Watchman]

There does not appear to be an attempt at seasonal adjustment in this article. The liberal mantra is going to be that the recovery was well underway prior to the installation of the Republican controlled House.

Of course, if there are signs of recovery, our response should be that the recovery started in November when business found out that the House was going to quit their spending spree starting in January!

[Lazlo in PA]

CNBC tooting Obummers horn again. They are on a huge "Obama is a free market, pro-business Pres" since the mid terms. Nothing has changed, not even the spin.

[Tallguy]

These are ADP numbers, and as such I rather doubt that they go through the usual government ‘massage’ — ie. seasonal adjustments and so forth. Could just be a seasonal blip or other such statistical anomaly, or an early positive hiring trend. All the so-called ‘experts’ expect 2011 to be flat in terms of changes in unemployment.