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Keyword: adp

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  • Trump Effect: ADP Employment Surges Near Most In 6 Years On Record Goods-Producing Job Gains

    03/08/2017 9:19:13 AM PST · by SeekAndFind · 13 replies
    Zero Hedge ^ | 03/08/2017
    Following January's surge in employment (biggest gain in 7 months), February's ADP print exploded higher to 298k (5 sigma above all expectations). This is the third biggest monthly employment gain of the expansion. It appears the 'Trump Effect' is the biggest driver as the ADP payroll surge was mostly due to a record surge in employment for goods-producing industries.Private sector employment surged by 298,000 for the month, with goods producers adding 106,000. Construction jobs swelled by 66,000 and manufacturing added 32,000.3rd best month of the recovery: This is 5 standard deviations above the 187k expectation.... Led by a record surge in...
  • Private sector adds 156,000 jobs in April vs. 195,000 expected: ADP

    05/04/2016 6:55:59 AM PDT · by mykroar · 9 replies
    CNBC.com ^ | Fred Imbert
    Private job creation slowed even further last month as firms added just 156,000 jobs in April, ADP said in a Wednesday report. "The job market appears to have stumbled in April. Job growth noticeably slowed, with some weakness across most sectors. One month does not make a trend, but this bears close watching as the financial market turmoil earlier in the year may have done some damage to business hiring," Mark Zandi, chief economist at Moody's Analytics, said in a statement. Economists polled by Reuters expected the number to come in at 195,000. In March, private payrolls were revised down...
  • ADP estimate: 257,000 private-sector jobs added in December

    01/07/2016 8:41:46 AM PST · by SeekAndFind · 16 replies
    Hotair ^ | 01/07/2016 | Ed Morrissey
    If this comes close to the Bureau of Labor Statistics report on Friday, it will signal a decent if unspectacular start to the New Year. ADP estimates that employers added 257,000 private-sector jobs last month, an increase of 40,000 jobs over its estimate for November, and the best result for all of 2015: Private sector employment increased by 257,000 jobs from November to December according to the December ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP® in collaboration with Moody’s Analytics. The report, which...
  • ADP Jobs Data Misses Again, Drops YoY For 7th Month In a Row

    09/02/2015 8:13:54 AM PDT · by SeekAndFind · 3 replies
    Zero Hedge ^ | 09/02/2015 | Tyler Durden
    Following its disapppointing tumble in July (having missed expectations for 6 of the last 7 months), August ADP printed another miss at 190k against expectations of a 200k rise with last month revised lower. As the energy sectyoir continues to bleed jobs at a rate of 10k per month, ADP's Zandi notes that manufacturing jobs growth is all auto-related (which is extremely worryinmg given the size of inventories). Job groiwth was largely driven by small businesses (85k) as opposed to large business (40k) with Service-producing goods drastically outpacing manufacturing job growth (173k to 17k). Perhaps most notably, ADP jobs...
  • Only 169,000 Jobs Added in April, Says ADP

    05/06/2015 8:57:50 AM PDT · by SeekAndFind · 3 replies
    US News and World Report ^ | 05/06/2015 | Andrew Soergel
    Many economists expected a rebound after last months soft jobs numbers, but the ADP National Employment Report released Wednesday shows little sign of such a turnaround. The domestic economy added only 169,000 jobs in April, according to the Wednesday report, and March additions were revised down from an original 189,000 to 175,000. This is the second consecutive month of sub-200,000 job additions, which previously hadnt happened in a single month since January 2014. Service-providing firms added 170,000 positions last month, with the most pronounced month-over-month gains seen in the professional/business services and trade/transportation/utilities sectors. But goods-producing jobs shed 1,000 positions...
  • ADP: Private-sector job growth of 189,000 in March, 2015

    04/01/2015 3:08:16 PM PDT · by SeekAndFind · 8 replies
    Hotair ^ | 04/01/2015 | Ed Morrissey
    The recent spate of softening economic indicators continues today with the ADP employment report for March. Private-sector job growth came to 189,000, the lowest result in more than a year, and the manufacturing sector dropped for the first time in 14 months:CLICK ABOVE LINK FOR THE VIDEO Private sector employment increased by 189,000 jobs from February to March according to the March ADP National Employment Report®. …Payrolls for businesses with 49 or fewer employees increased by 108,000 jobs in March, up from 103,000 in February. Employment among companies with 50-499 employees increased by 62,000 jobs, up from 57,000 the...
  • ADP Employment Drops, Misses; Economist Mark Zandi Admits "Jobs Growth Slowing"

    03/04/2015 7:40:40 AM PST · by SeekAndFind · 1 replies
    Zero Hedge ^ | 03/04/2015 | Tyler Durden
    Another day, another missed data point. ADP Employment data shows 212k jobs added in February, which modestly missed expectations of 219k and is the weakest monthly gain in 6 months. This despite a strong prior revision, pushing the January number up from 213K to 250K to catch up to the BLS runrate. Despite the miss, that showed large businesses adding by far the fewest jobs, Mark Zandi as usual remains optimistic: "jobs growth is strong but slowing," and expects the economy "will return to full employment by mid-2016." Another miss...The breakdown:More irrelevant, goalseeked charts:Change in Nonfarm Private EmploymentChange in Total...
  • ADP Says U.S. Private Sector Added 213,000 Jobs In January

    02/04/2015 9:42:40 AM PST · by SeekAndFind · 16 replies
    Forbes ^ | 02/04/2015
    Out Wednesday, ADPs January National Employment Report shows private payrolls adding 213,000 jobs in the first month of 2015. The January figure was somewhat lower than the 220,000 economists had been anticipating, however, the payroll provider hiked its November and December readings comfortably. ADP now says 274,000 jobs were added in November up from 227,000 and that 253,000 jobs were added in December from 241,000. In a press release ADP chief Carlos Rodriguez noted that Januarys gains were in line with the 12-month average of over 200,000 jobs added. Moodys Analytics Chief Economist Mark Zandi added, Employment posted another solid...
  • ADP: US employers added 208,000 jobs in November 2014

    12/03/2014 12:05:35 PM PST · by SeekAndFind · 10 replies
    CSM ^ | 12/03/2014
    WASHINGTON U.S. businesses hired at a solid pace last month, according to a private survey, a signal that Friday's November jobs report from the government will likely also show strength. Payroll processer ADP said Wednesday that companies added 208,000 jobs in November, the third straight month that hiring has topped 200,000. The figures suggest that businesses remain confident enough in the economy and their customer demand to add workers despite sluggish growth overseas. October gains were revised up slightly to 233,000 from an initially reported 230,000," Barclays Research economist Jesse Hurwutz wrote in an e-mailed analysis. "Goods-producing employers added...
  • ADP: Employers Add 204,000 Jobs in August: Figure falls short of economists' estimate of 220K

    09/04/2014 9:47:08 AM PDT · by SeekAndFind · 17 replies
    US News and World Report ^ | 09/04/2014 | Katherine Peralta
    Businesses in the U.S. added 204,000 jobs in August, led by broad-based gains across industries and company sizes, according to the ADP National Employment report released Thursday. The figure fell short of the consensus estimate of 220,000, and was down from the 218,000 jobs the group said the economy added in July. Continued monthly gains in job growth would signal to Federal Reserve policymakers labor market tightening, which could put pressure on employers to raise wages if labor is scarce. Wage gains, which have yet to really materialize, could in turn enable households to pickup their pace of spending and...
  • ADP, Gallup jobs report point to job growth in June

    07/02/2014 12:24:27 PM PDT · by SeekAndFind · 7 replies
    Hotair ^ | 07/02/2014 | Ed Morrissey
    Since Friday is a federal holiday, the Bureau of Labor Statistics will release its jobs report for June 2014 tomorrow. Both ADP and Gallup have their usual leading indicator surveys out this morning, and the news looks relatively good from both. The private sector added 281,000 jobs according to the ADP estimate, the highest growth in more than a year: Private sector employment increased by 281,000 jobs from May to June according to the June ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a...
  • US companies added 281,000 jobs in June: Survey

    07/02/2014 8:13:33 AM PDT · by SeekAndFind · 8 replies
    Economic Times ^ | 07/02/2014
    WASHINGTON: A private survey shows US business hiring surged in June, a sign of stronger economic growth. Payroll processer ADP says private employers added 281,000 jobs last month, up from 179,000 in the previous month. The figure suggests the government's jobs report, to be released Thursday, could also show a significant gain from May's tally of 217,000 jobs. But the ADP numbers cover only private businesses and often diverge from the government's more comprehensive report. The improvement in the ADP figures occurred mostly in professional and business services, a category that includes many higher-paying jobs such as accountants and engineers,...
  • Big ADP Miss: 179K Jobs Far Below Expectations, Lowest Print Since January

    06/04/2014 7:23:54 AM PDT · by SeekAndFind · 21 replies
    Zero Hedge ^ | 06/04/2014 | Tyler Durden
    The post-weather bounce is over in exuberant employment trends appears to be over. After January's plunge, the last 3 months have seen beats but May's data - printing at 179k (against expectations of 210k) is a major disappointment for the extrapolators and presses job griwth back to its lowest since January. Rubbing salt in the wound of recovery, April's data was revised downward. It was so bad, even the permabullish Mark Zandi was unable to spin the data: "Job growth moderated in May. The slowing in growth was concentrated in Professional/Business Services and companies with 50-999 employees. The job...
  • ADP employment report estimates 191,000 jobs added in March

    04/02/2014 7:38:25 AM PDT · by SeekAndFind · 12 replies
    Hotair ^ | 04/02/2014 | Ed Morrissey
    Did the slowdown in the fourth quarter of 2013 impact hiring in the first quarter of 2014? The first two jobs reports of the year certainly support that conclusion, but the latest ADP estimate of job creation suggests that the job freeze may have thawed — a bit. ADP estimates that the private sector added 191,000 jobs to the US economy in March: Private sector employment increased by 191,000 jobs from February to March according to the March ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by...
  • Job Growth Was Weak Again In February 2014, ADP Survey Shows

    03/05/2014 9:32:58 AM PST · by SeekAndFind · 4 replies
    NPR ^ | 03/05/2014 | Mark Memmott
    Private employers added only 139,000 jobs to their payrolls in February and job growth in January was even less than previously thought, according to the latest ADP National Employment Report. The news is a sign that Friday's much-anticipated employment report from the Bureau of Labor Statistics also may show that job growth hasn't been strong in recent months. Ahead of that report, Reuters writes, economists say they're expecting to hear that as few as 95,000 jobs were added to public and private payrolls last month. The nation's unemployment rate is thought to have stayed at 6.6 percent. Wednesday's report, which...
  • U.S. private sector adds 139,000 jobs in February: ADP

    03/05/2014 8:05:56 AM PST · by RckyRaCoCo · 11 replies
    Reuters ^ | 03/05/14 | Reuters
    Companies added fewer workers than projected in February, a sign that U.S. employers were waiting for a pickup in demand before boosting headcount, a private report based on payrolls showed today.
  • ADP: 238,000 new private-sector jobs in December

    01/08/2014 7:26:51 AM PST · by SeekAndFind · 27 replies
    Hotair ^ | 01/08/2014 | Ed Morrissey
    <p>Private sector employment increased by 238,000 jobs from November to December, according to the December ADP National Employment Report. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP , a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moodys Analytics. The report, which is derived from ADPs actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.</p>
  • ADP Jobs Report Beats Expectations Of +170k With +215k Print (Treasury Rates Rise)

    12/04/2013 6:27:43 AM PST · by whitedog57 · 8 replies
    Confounded Interest ^ | 12/04/2013 | Anthony B. Sanders
    The ADP employment report was released today and blew past expectations of 170,000 jobs added with a print of 215,000 jobs added. Of course, we dont know the composition of full-time versus part-time/temporary holiday employment, but at least employment increased. Change-in-Nonfarm-Private-Employment-November-2013 In fact, ADP job creation seems to be in a similar point to the previous decade in terms of level of ADP jobs added. Historical-Trend-Change-in-Total-Nonfarm-Private-Employment-November-2013 Here is the composition of jobs added. Notice that is mostly small firms. ADP Dec_0 Will The Fed begin tapering with this good news on employment? Well, interest rates are rising this morning...
  • No 'Great Recovery' in U.S.; ADP jobs number below expectations

    06/05/2013 1:22:34 PM PDT · by SeekAndFind · 8 replies
    An economic forecast says the countrys expected Great Recovery hasnt materialized and the economys fallen short of even normal growth. The Los Angeles Times reports the gloomy picture appears in the quarterly UCLA Anderson Forecast released Wednesday. It says that real gross domestic product growth the inflation-adjusted value of goods and services produced is well below the 3percent growth trend of past recoveries. The forecast says the country isnt creating enough good jobs. However, the forecast also says a housing market recovery should boost the GDP over the next two years and bring down unemployment, falling to 6.9...
  • How Frank Lautenberg Made a Fortune by Doing Work the Government Made Necessary

    06/04/2013 6:19:49 AM PDT · by Zakeet · 8 replies
    New York Sun ^ | June 3, 2013 | Ira Stoll
    Frank Lautenberg, the Democratic senator from New Jersey who died today at age 89, will be remembered by others for his career in government. To me the more fascinating story is his career in business. Because the company where Lautenberg spent the 30 years between 1952 and 1982 longer than the time he spent in the Senate is a classic example that manages to encapsulate both the genius and the risks of a certain kind of American business. It was the success of that company now Automatic Data Processing, Inc., or ADP that made Lautenberg the...