Thu Jan 5, 2012, 01:33 PM

Purveyor (29,876 posts)

U.S. Companies Added 325,000 Jobs: ADP

Companies added more workers than forecast in December, a sign that the U.S. labor market was gaining momentum heading into 2012, according to a private report based on payrolls.

The 325,000 increase was the highest in records going back to 2001 and exceeded the highest projection in a Bloomberg News survey after a revised 204,000 gain the prior month, the report from the Roseland, New Jersey-based ADP Employer Services showed today. The median estimate called for an advance of 178,000.

An acceleration in hiring may spur further gains in consumer spending, which accounts for about 70 percent of the world’s largest economy. A Labor Department report tomorrow may show payrolls rose by 150,000, not enough to keep the unemployment rate (USURTOT) from rising to 8.7 percent, economists in a Bloomberg survey projected.

“We certainly are seeing resilience in the job market,” said Sean Incremona, a senior economist at 4cast Inc. in New York. “We’ve seen some improvement versus earlier in 2011 and it’s encouraging.”

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http://www.bloomberg.com/news/2012-01-05/u-s-company-payrolls-expanded-by-a-more-than-estimated-325-000-adp-says.html

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34 replies	Author	Time	Post
U.S. Companies Added 325,000 Jobs: ADP (Original post)	Purveyor	Jan 2012	OP
Government layoffs have ended	zipplewrath	Jan 2012	#1
My wife teaches in Palm Beach County, FL	titaniumsalute	Jan 2012	#4
Cue people saying that the recovery is imaginary in 3... 2... 1...	TheWraith	Jan 2012	#2
Werent those same people saying we are in a depression??	DCBob	Jan 2012	#23
I hope that is true --	Hell Hath No Fury	Jan 2012	#3
Picture worth a 1,000 words	dixiegrrrrl	Jan 2012	#32
I'd like to know what kinds of jobs these are...	KansDem	Jan 2012	#5
What kind of jobs?	Marrah_G	Jan 2012	#6
Unemployment claims drop + job creation up = Victory Obama 2012	jpak	Jan 2012	#7
Oh, noes!	chervilant	Jan 2012	#25
In what countries did the U.S. companies add these jobs? nt	valerief	Jan 2012	#8
That was my question. Gov. Walker has "created" jobs too	AllyCat	Jan 2012	#11
I sure hope people can start finding jobs again	workinclasszero	Jan 2012	#9
Are these jobs Living-Wage-Jobs?	RC	Jan 2012	#10
For someone who has been out of work for 2+ years, I don't think it matters too much at this time.	Purveyor	Jan 2012	#14
Yes, it does matter.	RC	Jan 2012	#17
Good news although not really enough.	JDPriestly	Jan 2012	#12
The recovery is slowly starting to fuel itself as consumer confidence builds. It should continue	Purveyor	Jan 2012	#13
Precisely	Sherman A1	Jan 2012	#27
I've followed the ADP closely and monthly for about 6 years.	Fuddnik	Jan 2012	#15
So if the Labor Dept. sez it's "only" 300,000 new jobs will you be disappointed?	jpak	Jan 2012	#16
briefing.com says the consensus expectation for Labor Dept. figures will be only 150K job increase	tclambert	Jan 2012	#20
They're usually further off than that.	Fuddnik	Jan 2012	#22
Are they counting only private sector employment?	NewJeffCT	Jan 2012	#21
Really?	dmallind	Jan 2012	#30
given it was december most of these were probably temp holiday retail jobs	alp227	Jan 2012	#18
most holiday retail hiring took place in Oct and Nov.	quiller4	Jan 2012	#26
that is good	Skittles	Jan 2012	#19
Hey-oooooooo!!!!!!	MjolnirTime	Jan 2012	#24
So when Obama took office the economy was dropping 700,000 jobs per month	Botany	Jan 2012	#28
Wow, this . . . really sucks for the Republican's "This Administration's Policies" argument!	HughBeaumont	Jan 2012	#29
That's good.	bigwillq	Jan 2012	#31
But, don't retailers normally hire about that much extra help	humblebum	Jan 2012	#33
This was predicted by Ross Perot when he told the truth about the effectgs of NAFTA in 1992.	bvar22	Jan 2012	#34

Response to Purveyor (Original post)

Thu Jan 5, 2012, 01:38 PM

zipplewrath (16,376 posts)

1. Government layoffs have ended

Heard on the radio a little factoid that bodes well for Obama. The government layoffs of teachers and other civil servants has basically ended. The budgets have stabilized and so are the employment levels. Obvious exceptions here and there, but this overall trend is happening at the same time that the private sector is beginning to hire/rehire.

U.S. Companies Added 325,000 Jobs: ADP

1. Government layoffs have ended

4. My wife teaches in Palm Beach County, FL

2. Cue people saying that the recovery is imaginary in 3... 2... 1...

23. Werent those same people saying we are in a depression??

3. I hope that is true --

32. Picture worth a 1,000 words

5. I'd like to know what kinds of jobs these are...

6. What kind of jobs?

7. Unemployment claims drop + job creation up = Victory Obama 2012

25. Oh, noes!

8. In what countries did the U.S. companies add these jobs? nt

11. That was my question. Gov. Walker has "created" jobs too

9. I sure hope people can start finding jobs again

10. Are these jobs Living-Wage-Jobs?

14. For someone who has been out of work for 2+ years, I don't think it matters too much at this time.

17. Yes, it does matter.

12. Good news although not really enough.

13. The recovery is slowly starting to fuel itself as consumer confidence builds. It should continue

27. Precisely

15. I've followed the ADP closely and monthly for about 6 years.

16. So if the Labor Dept. sez it's "only" 300,000 new jobs will you be disappointed?

20. briefing.com says the consensus expectation for Labor Dept. figures will be only 150K job increase

22. They're usually further off than that.

21. Are they counting only private sector employment?

30. Really?

18. given it was december most of these were probably temp holiday retail jobs

26. most holiday retail hiring took place in Oct and Nov.

19. that is good

24. Hey-oooooooo!!!!!!

28. So when Obama took office the economy was dropping 700,000 jobs per month

29. Wow, this . . . really sucks for the Republican's "This Administration's Policies" argument!

31. That's good.

33. But, don't retailers normally hire about that much extra help

34. This was predicted by Ross Perot when he told the truth about the effectgs of NAFTA in 1992.