Keyword: adp

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  • 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 ^ | 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...
  • ADP: Only 119K private-sector jobs added in April

    05/01/2013 6:35:31 AM PDT · by SeekAndFind · 28 replies
    Hotair ^ | 05/01/2013 | Ed Morrissey
    Just before the ADP employment report was released this morning, I asked Business Insider’s Joseph Weisenthal to give me his prediction — a rather unfair request in retrospect, since the report was due in 2 minutes at that point. He graciously offered his prediction anyway: @edmorrissey Hrm. I’ll go weak. 120K vs. expectations of 150k.— Joseph Weisenthal (@TheStalwart) May 1, 2013 As it turns out, Joe was almost exactly correct: Private sector employment increased by 119,000 jobs from March to April, according to the April ADP National Employment Report® , which is produced by ADP®, a leading provider of human...
  • ADP Data Brings Lower Expectations for Payrolls and Unemployment Friday

    04/03/2013 7:05:49 AM PDT · by John W · 9 replies ^ | April 3, 2013 | Jon C. Ogg
    We already saw a less robust outlook from TrimTabs showing that estimated job growth for March was 156,000. That was up from its 100,000 job growth February estimate, but the report shows that actual job growth is significantly weaker than the Labor Department reported in the first quarter and not enough to reduce the rate of unemployment. Now we have the ADP report coming in much weaker at 158,000, versus 192,000 projected by Dow Jones, and projected to be 205,000 in new payrolls by Bloomberg. Ads by Google These are merely preliminary attempts to benchmark the payrolls reports from the...
  • ADP: Private sector job growth slowed in March

    04/03/2013 6:27:13 AM PDT · by SeekAndFind · 4 replies
    CNN Money ^ | 04/03/2013 | By Tami Luhby
    The pace of hiring by private employers slowed last month. Only 158,000 jobs were added, according to a report issued Wednesday by payroll-processing firm ADP. This missed the consensus forecast from of 197,000 jobs, and was a sharp drop from February's job growth, which was revised upwards to 237,000 jobs added. "The job market continues to improve, but in fits and starts," said Mark Zandi, chief economist of Moody's Analytics. "Construction employment gains paused as the rebuilding surge in the wake of Superstorm Sandy ended. Anticipation of health care reform may also be weighing on employment at companies with...
  • ADP Says U.S. Added 198,000 Jobs In Feb.; Dow Stays At Record High

    03/06/2013 6:38:50 AM PST · by SeekAndFind · 10 replies
    Forbes ^ | 03/06/2013
    U.S. job growth kept apace last month, a new report this morning shows, a bright sign for the economy that allowed stocks to continue to set new highs. Private companies added 198,000 workers in February, according to the monthly estimate from payroll giant ADP. Analysts expected ADP to report 173,000 new jobs. Growth fell, though, from a month earlier when businesses added 215,000. After closing at a new record yesterday, the Dow Jones industrial average rose still more in pre-market trading. Dow futures gained 47 points. Nasdaq futures added 4.8 points, and the S&P 500 increased 6.9 points. Attention now...
  • ADP: 192K private-sector jobs added in January

    01/30/2013 12:06:21 PM PST · by SeekAndFind · 3 replies
    Hotair ^ | 01/30/2013 | Ed Morrissey
    Originally, I planned to add this to the GDP announcement --- but that was before the BEA laid an egg, and a red egg at that. Instead, let's look at the early indicator from ADP of Friday's upcoming BLS jobs report, which is a lot sunnier than Q4 GDP would suggest: Private sector employment increased by 192,000 jobs from December to January, according to the January ADP National Employment Report, which is produced by ADP, a leading provider of human capital management services, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the...
  • ADP: 215K jobs added in December

    01/03/2013 7:33:39 AM PST · by SeekAndFind · 7 replies
    Hotair ^ | 01/03/2013 | ED MORRISSEY
    Tomorrow will bring the monthly jobs report from the Bureau of Labor Statistics, so today we have a few indicators to get a hint as to what may come. The preliminary numbers from ADP look promising, although they usually overshoot the mark. According to the payroll-processing firm, the private sector added 215,000 jobs in December: Private sector employment increased by 215,000 jobs from November to December, according to the December ADP National Employment Report, which is produced by Automatic Data Processing, Inc. (ADP), a leading provider of human capital management solutions, in collaboration with Moody’s Analytics. The report, which is...
  • ADP: Private Sector Employment Adds 158,000 Jobs in October After LOSING 402,000 Jobs With Revision

    11/01/2012 6:43:40 AM PDT · by whitedog57 · 7 replies
    Confounded Interest ^ | 11/01/2012 | Anthony B. Sanders
    According to ADP, private sector employment increased by 158,000 jobs in October. This beat expectations of 131,000 but is lower than the previous reading of 158,000 (which has been revised downwards to 114,000 which was actually 88,000). This is the most jobs added in eight months. This is especially welcome news after the ADP revision showed that since February 2012, 402,000 fewer jobs were created than previously thought. ADP wanted to be more consistent with BLS for employment numbers, so the downward revision that makes this weeks increase look even higher is indeed consistent with BLS. Meanwhile, Challenger US Job...
  • Tomorrows Tape: ADP Employment Report to Set Tone for Jobs Friday.

    10/31/2012 4:01:14 PM PDT · by ReaganberAlles · 2 replies
    Wall Street Journal Blog ^ | 10/31/2012 | Steven Russolillo
    October ADP jobs survey (8:15 a.m. Eastern Time) Remember this is the first month that ADP is reporting its monthly data under its revised methodology. Under the old method, the September gain was 162,000, although figure was recently revised lower to 88,000. This report comes ahead of the governments monthly jobs report on Friday
  • ADP Changes Methodology of Job-Counting; One Analyst Thinks The Change Suggests That Friday's.

    10/31/2012 12:49:01 PM PDT · by Perdogg · 12 replies
    Assuming the BLS even releases data on Friday, which they're still hedging about. ADP is a big payroll-service firm which releases its own assessment of job growth (or job losses), based partly on its own data. Their new methodology occasioned a revision to their already-reported September figures. ADP's new calculations put the monthly job creation [in September] at just 88,200, down from the 162,000 the firm originally reported earlier this month. ... The soft ADP count could add credence to those who believe the pace of job creation is slower than the government's numbers indicate. "It's huge, no doubt about...
  • New ADP Count Slashes Job Creation for September (Adjusted down to 88,200 from 162,000)

    10/31/2012 10:13:39 AM PDT · by GOPinCa · 22 replies
    CNBC ^ | 10/31/12
    Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.ADP's new calculations put the monthly job creation at just 88,2000, down from the 162,000 the firm originally reported earlier this month. The firm recently has entered into a partnership with Moody's Analytics that will change the way the private payroll count is calculated. ADP will announce its October count on Thursday, with the Labor Department to follow on Friday. ADP is expected to announce a further revision to the September count along with its October totals....
  • Private Sector Added 162,000 Jobs in September, ADP Says

    10/03/2012 8:01:34 AM PDT · by SeekAndFind · 19 replies
    Wall Street Journal ^ | 10/03/2012 | Kathleen Madigan
    Private businesses in the U.S. added 162,000 jobs last month, according to a national employment report released Wednesday by payroll processor Automatic Data Processing Inc. and the consultancy Macroeconomic Advisers. The U.S. nonmanufacturing sector, meanwhile was busier than expected in September, according to the Institute for Supply Management. The number of private jobs added in September was more than the 153,000 expected by economists. The August estimate was revised down to 189,000 from the 201,000 reported last month. The ADP survey tallies only private-sector jobs. The Bureau of Labor Statistics' nonfarm payroll data, to be released Friday, include government workers,...
  • ADP report: 201K jobs added to private sector in August

    09/06/2012 7:47:41 AM PDT · by SeekAndFind · 9 replies
    Hotair ^ | 09/06/2012 | Ed Morrissey
    Two key indicators on employment show a hint of moderate job growth for August 2012, one day ahead of the official report from the Bureau of Labor Statistics. First, weekly jobless claims dropped slightly to 365,000 last week, according to the Department of Labor: In the week ending September 1, the advance figure for seasonally adjusted initial claims was 365,000, a decrease of 12,000 from the previous wee's revised figure of 377,000. The 4-week moving average was 371,250, an increase of 250 from the previous week's revised average of 371,000.The advance seasonally adjusted insured unemployment rate was 2.6 percent for...
  • New Jobless Claims Fall for First Time in a Month (revised last upward)

    09/06/2012 5:49:19 AM PDT · by Perdogg · 19 replies
    The number of Americans filing new claims for jobless benefits fell last week to its lowest level in a month, an upbeat signal for a labor market that has struggled to create enough jobs. Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 365,000, the Labor Department said on Thursday. It was the first drop in new claims since the week that ended Aug. 4 and the lowest level since then as well.
  • ADP Jobs At 5-Month High, Beating Expectations For 3rd Month In A Row

    09/06/2012 5:54:21 AM PDT · by Perdogg · 27 replies
    It was the best of times, it was the worst of times. A dramatic beat by the ADP jobs number at 201k vs expectations of 140k is the third month in a row of beating expectations for jobs and the highest add of jobs in 5 months.
  • ADP jobs report shows slowing in July; Manufacturing unexpectedly contracts in July

    08/01/2012 10:41:23 AM PDT · by SeekAndFind · 5 replies
    Hotair ^ | 08/01/2012 | Ed Morrissey
    Time to start breaking out the predictive indicators for Friday's jobs report on employment in June! First up, as always, comes from private-sector payroll giant ADP, which uses its own customer base to estimate job growth in non-government positions. Today's report predicts an increase of 163,000 private-sector jobs in July: Employment in the U.S. nonfarm private business sector increased by 163,000 from June to July, on a seasonally adjusted basis. The estimated gain from May to June was revised down slightly, from the initial estimate of 176,000 to 172,000.Employment in the private, service-providing sector expanded 148,000 in July after rising...
  • Hopeful signs emerge for struggling jobs market (Based on recent ADP National Employment Report)

    07/06/2012 6:49:00 AM PDT · by SeekAndFind · 7 replies
    Reuters ^ | 07/05/2012 | By Lucia Mutikani and Leah Schnurr
    (Reuters) - Private employers stepped up hiring in June and the number of Americans filing new claims for jobless benefits last week fell by the most in two months, hopeful signs for the struggling labor market. But dark clouds continue to gather over the U.S. economy, with the vast services sector crawling forward at its slowest pace in nearly 2-1/2 years in June and retailers reporting sales below expectations, other data showed on Thursday. The economy has been hit by turbulence from Europe's debt crisis and fears of tax increases at home next year, undermining confidence among businesses and ordinary...
  • Two positive reports released on jobs

    07/05/2012 8:00:17 AM PDT · by SeekAndFind · 11 replies
    The Hill ^ | 07/05/2012 | Vicki Needham
    Two new reports on Thursday provided some optimism the jobs market is improving. First-time claims for unemployment benefits dropped to the lowest level since May, the first positive sign in weeks that layoffs may be slowing. Separately, payroll provider ADP says private-sector businesses added 176,000 jobs to their payrolls in June, better than the revised total of 136,000 jobs for May. The two reports come a day ahead of the closely watched monthly jobs report from the Bureau of Labor Statistics. Both President Obama and Republican presidential candidate Mitt Romney will be watching that report closely for signs of how...
  • ADP report predicts May private-sector jobs growth at 133K, weekly jobless claims jump 10K

    05/31/2012 11:24:32 AM PDT · by SeekAndFind · 6 replies
    Hotair ^ | 06/01/2012 | Ed Morrissey
    Tomorrow, the Bureau of Labor Statistics will release the latest official jobs figures, one of the most closely-watched economic indicators from the federal government. One predictive indicator of the direction that report will take is the monthly analysis from payroll-processing giant ADP, which uses its clients as a sample to predict job non-government growth. Todays report hints at continued mediocrity at best: Employment in the U.S. nonfarm private business sector increased by 133,000 from April to May on a seasonally adjusted basis. The estimated gain from March to April was revised down modestly, from the initial estimate of 119,000...
  • ADP: Private Business Hiring slowed significantly in April (almost half from their March report)

    05/02/2012 9:24:33 AM PDT · by SeekAndFind · 5 replies
    Hotair ^ | 05/02/2012 | Ed Morrissey
    How bad will Friday's employment for April be? The ADP report, which usually paints a rosier picture of private-sector job gains, shows a decline in growth of almost half from their March report: Employment in the U.S. nonfarm private business sector increased by 119,000 from March to April on a seasonally adjusted basis. The estimated gain from February to March was revised down modestly, from the initial estimate of 209,000 to a revised estimate of 201,000.Employment in the private, service-providing sector increased 123,000 in April, after rising 158,000 in March. Employment in the private, goods-producing sector declined 4,000 jobs in...
  • Forget the ADP Numbers Big Corporations Still Slashing Workers

    01/05/2012 8:52:05 AM PST · by Nachum · 10 replies ^ | 1/5/12 | Jeff Reeves
    Blue chips Pepsi, Boeing show profit-propping layoffs still the trend Wall Street seemed upbeat today thanks to positive jobs numbers in a private-sector payroll report from ADP. Specifically, jobs increased 325,000 in December, led by the service sector and small businesses. Additionally, Novembers employment numbers were revised slightly higher. But lest you think everything is coming up roses, keep in mind that many big corporations in America still are reluctant to hire. In fact, they are continuing to cut back, based on recent headlines. For starters, PepsiCo (NYSE:PEP) is considering cutting about 4,000 jobs, according to a New York Post...
  • ADP report shows 325K jobs added in December

    01/05/2012 6:55:06 AM PST · by SeekAndFind · 33 replies
    Hotair ^ | 01/05/2012 | Ed Morrissey
    The nation's largest payroll service firm released its monthly analysis of private-sector hiring, and the figures might foreshadow a good start to 2012. ADP's monthly employment report doesn't have a great track record for predicting the official monthly jobs figures from the Department of Labor, but the high level of new jobs makes it almost a cinch that tomorrow’s unemployment report will echo the good news: ADP today reported that employment in the U.S. nonfarm private business sector increased by 325,000 from November to December on a seasonally adjusted basis. The estimated advance in employment from October to November was...

    11/30/2011 7:15:27 AM PST · by SeekAndFind · 31 replies
    Business Insider ^ | 11/30/2011 | Joe Weisenthal
    Hot day! Huge beat! Analysts were expecting 130K new jobs, but instead ADP just reported that there were 206K new private payrolls added in November. Also the previous month was revised up from 110K to 130K. Combine that with the big global coordinated intervention among the world's central banks, and you've got the brew for a gigantic rally today.
  • ADP private-sector employment report shows 114K gain in October (Mediocrity)

    11/02/2011 1:33:36 PM PDT · by SeekAndFind · 1 replies
    Hotair ^ | 11/02/2011 | Ed Morrissey
    Since the next monthly employment report from the Department of Labor is due on Friday, it’s time for ADP to issue its analysis of private-sector employment for the month, too. ADP predicted a 91,000 job gain in September and the actual figure from the private sector came in at 137,000, with 34,000 jobs lost in the public sector, although the government’s numbers included the return of 45,000 striking workers who never lost their jobs in the first place. With that in mind, the ADP report looks rather wan … again: Employment in the U.S. nonfarm private business sector increased by...
  • U.S. private-sector jobs up 110,000 in October

    11/02/2011 7:05:49 AM PDT · by Free Vulcan · 9 replies
    Marketwatch ^ | 11.02.11 | Ruth Mantell
    Payrolls rose 110,000, as services employment gained 114,000 and goods-producing employment fell 4,000. Economists had expected an overall gain of about 100,000. Small-business employment rose 58,000, compared with 53,000 for medium businesses. Large-business employment fell 1,000. Septembers result was revised higher, to an expansion of 116,000 for private-sector payrolls from a prior estimate of 91,000.
  • ADP: September Private-Sector Jobs +91K Vs Expected +75K

    10/05/2011 7:48:23 AM PDT · by SeekAndFind · 10 replies
    Fox News ^ | 10/05/2011 | Kathleen Madigan
    NEW YORK -(Dow Jones)- Private businesses added slightly more than expected jobs in September, according to a report released Wednesday. But large companies cut jobs and thanks mostly to two enterprises cutting staff, layoff announcements last month jumped to the highest number in more than two years. Private-sector jobs in the U.S. rose by 91,000 last month, according to a national employment report published by payroll giant Automatic Data Processing Inc. (ADP) and consultancy Macroeconomic Advisers. Economists surveyed by Dow Jones Newswires had expected ADP would report a September gain of just 75,000. The August data were revised down to...
  • Private payrolls up 91,000 in September, ADP says

    10/05/2011 7:09:11 AM PDT · by Free Vulcan · 13 replies
    Marketwatch ^ | 10.5.11 | Ruth Mantell
    Job growth in the private sector continued at a modest pace in September, led by the service-producing sector and small businesses, according to a report released Wednesday. Automatic Data Processing ADP said payrolls increased 91,000 in September, compared with 89,000 in August, which marked a slight downward revision from the initial August print of 91,000. Economists had anticipated a gain of around 75,000 for September.
  • August private-sector jobs up 91,000: ADP

    08/31/2011 6:30:11 AM PDT · by Free Vulcan · 7 replies
    Marketwatch ^ | 8.31.11 | Ruth Mantell
    WASHINGTON (MarketWatch) Private-sector payrolls increased 91,000 in August, led by the service-producing sector and small businesses, according to the ADP employment report released Wednesday. Economists were predicting the ADP figure would rise by about 100,000. The expansion for July was revised down to 109,000 from a prior estimate of 114,000... According to ADP, service-sector employment rose 80,000 in August, compared with 11,000 for the goods-producing sector. Small-business employment rose 58,000, compared with 30,000 for medium businesses and 3,000 for large businesses.
  • Mixed signals on July employment (ADP Reports 114,000 Private Sector Growth Amidst Mass Layoffs)

    08/03/2011 7:22:58 AM PDT · by SeekAndFind · 8 replies
    Hotair ^ | 08/03/2011 | Ed Morrissey
    With two days to go before the announcement of the official unemployment figures for July, a couple of leading indicators gave conflicting messages about what to expect. ADP’s monthly look at private-sector growth shows a tepid advance of 114,000 for the just-concluded month, but this report has a decidedly mixed track record: Employment in the U.S. nonfarm private business sector rose 114,000 from June to July on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated advance in employment from May to June was revised down modestly to 145,000, from the initially reported...
  • Private-sector jobs up 114,000 in July, ADP says

    08/03/2011 6:28:18 AM PDT · by Free Vulcan · 26 replies · 1+ views
    Marketwatch ^ | 8.3.11 | Staff
    <p>WASHINGTON (MarketWatch) Private-sector payrolls increased by a tepid 114,000 in July, according to the ADP employment report released Wednesday.</p>
  • ADP Report: Private sector adds 157,000 jobs in June 2011

    07/07/2011 6:58:24 AM PDT · by SeekAndFind · 12 replies
    U.S. private employers added far more jobs than expected in June, bouncing back from a surprise slump the month before, a report by payrolls processor ADP showed on Thursday. The private sector added 157,000 jobs last month, exceeding expectations for a gain of 68,000, according to a Reuters survey of economists. May's figure was revised down to an increase of 36,000 from the previously reported 38,000, which had been an eight-month low. The ADP report is jointly developed with Macroeconomic Advisers LLC. The figures come ahead of the government's much more comprehensive labor market report on Friday, which includes both...
  • Private payrolls rise by 157,000 in June: ADP

    07/07/2011 6:18:49 AM PDT · by Free Vulcan · 18 replies
    Marketwatch ^ | 7.7.11 | Greg Robb
    WASHINGTON (MarketWatch) Private-sector employment rose 157,000 in June, according to Automatic Data Processing Inc.s employment report released Thursday, in what could be a signal that the recent economic soft patch may not last long. The headline number surprised Wall Street, coming in more than double the 70,000 increase expected by economists. Read more on U.S. stock futures taking comfort from ADP payrolls. With the report typically considered the first stab at counting job gains each month, markets will be watching the ADP data closely because last months report accurately predicted the sharp drop in nonfarm payroll subsequently reported by...