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October 2, 2013

ADP warns of “softening” jobs recovery alongside September numbers

  • 166k jobs were added across the United States during September, the vast majority of which were service industry positions, according to the latest report from ADP. The payroll organization also adjusted their original August growth number, revealing the country actually added 159,000 jobs during the 31-day period, instead of the 176,000 originally reported last month. source
14:43 // 1 year ago
November 1, 2012

ADP predictions surpass analysts expectations for October jobs report

  • 88,000 new jobs are expected to have been added during October according to analysts ahead of the release of the Labor Department’s October jobs report. If accurate, it would mean the economy created almost 30,000 fewer new jobs than the 114,000 added during September.
  • 158,000 jobs were added to the U.S. economy during October according to payroll processor ADP — in a report typically used by analysts to revise their own expectations ahead of the official jobs report. The firm is using a new forecasting model this month, thanks to a recent overhaul from Moody’s, which many expect to deliver far more accurate results than the faulty ones ADP has become known for in recent months. The official Labor Department October jobs report is currently scheduled to be released tomorrow. source
14:25 // 1 year ago
December 1, 2010

Like contradictory jobs data? Here’s some good, then some bad

  • 93k the growth in private-sector employment last month (nice!)
  • 03/07 the last time job growth was that high in a single month (pre-recession)
  • ten consecutive months of private-sector job growth source

» Not all rosy: The above tally, by payroll processor ADP, is definitely positive, but separate data by outplacement firm Challenger, Gray & Christmas says that employers were looking to cut jobs, too – at a rate of 48,711 last month, the highest level in six months. Gotta love contradictory data, but the firms tend to focus on different part of the employment life process.

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11:05 // 3 years ago