May change in employment +133,000

[mahatmakanejeeves]

Source: Automatic Data Processing, Inc. (ADP®)

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 to a revised estimate of 113,000. Employment in the private, service-providing sector increased by 132,000 in May, after rising a revised 119,000 in April. Employment in the private, goods-producing sector increased 1,000 in May. Manufacturing employment dropped 2,000 jobs, the second consecutive monthly decline.

Read more: http://www.adpemploymentreport.com/

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The report was released on Thursday this month due to the Memorial Day holiday. Tomorrow, the Bureau of Labor Statistics releases its monthly report.

The May 2012 ADP National Employment Report® is at http://www.adpemploymentreport.com/pdf/FINAL_Report_May_12.pdf in a format that does not encourage copying.

[Mr.Turnip]

1. not reallly good but better than last month, hopefully that continues.

[Botany]

2. That works out to 27 straight months of private sector job growth

I wonder where we be at if the republicans had been non stop obstructionists and
had laid off so many public sector workers?

[Roland99]

3. And ADP is about as accurate as pulling numbers out of a hat.

[goclark]

4. Do they lean Democrats or Republican

or what ----?

[Roland99]

6. no, it's just not very accurate compared to the BLS jobs number

it can only deal with companies with a direct relationship with ADP.

then again, not like the BLS really gives us the most accurate picture either.


We need a *minimum* of about 150,000 new jobs per month just to maintain equilibrium (although the Labor Force Participation Rate has been dropping steadily) but we need *much* more than 150k jobs per month to start putting this country back into recovery mode.

[Roland99]

7. as I said....

[Atypical Liberal]

5. I got laid off at the beginning of the month.

I got laid off at the beginning of the month, after 5 years with the company. Fortunately I was able to land another one, in my same town (that's a first for me). I start at the beginning of June. Unfortunately I'll be making $12K less a year, but at least I have a job.

I'm trying to work with Wells Fargo to renegotiate my mortgage. Our house is worth $90K less than we owe on it. And while we can afford the current mortgage, it leaves us with no working room in our budget now.