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Thu Jan 5, 2012, 01:33 PM

 

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.”

MORE...

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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Reply U.S. Companies Added 325,000 Jobs: ADP (Original post)
Purveyor Jan 2012 OP
zipplewrath Jan 2012 #1
titaniumsalute Jan 2012 #4
TheWraith Jan 2012 #2
DCBob Jan 2012 #23
Hell Hath No Fury Jan 2012 #3
dixiegrrrrl Jan 2012 #32
KansDem Jan 2012 #5
Marrah_G Jan 2012 #6
jpak Jan 2012 #7
chervilant Jan 2012 #25
valerief Jan 2012 #8
AllyCat Jan 2012 #11
workinclasszero Jan 2012 #9
RC Jan 2012 #10
Purveyor Jan 2012 #14
RC Jan 2012 #17
JDPriestly Jan 2012 #12
Purveyor Jan 2012 #13
Sherman A1 Jan 2012 #27
Fuddnik Jan 2012 #15
jpak Jan 2012 #16
tclambert Jan 2012 #20
Fuddnik Jan 2012 #22
NewJeffCT Jan 2012 #21
dmallind Jan 2012 #30
alp227 Jan 2012 #18
quiller4 Jan 2012 #26
Skittles Jan 2012 #19
MjolnirTime Jan 2012 #24
Botany Jan 2012 #28
HughBeaumont Jan 2012 #29
bigwillq Jan 2012 #31
humblebum Jan 2012 #33
bvar22 Jan 2012 #34

Response to Purveyor (Original post)

Thu Jan 5, 2012, 01:38 PM

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.

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Response to zipplewrath (Reply #1)

Thu Jan 5, 2012, 01:49 PM

4. My wife teaches in Palm Beach County, FL

They had laid off so many bus drivers in the past few years they had to hire about 50 of them this school year to accomodate the students. In addition, they had to hire something like 250 new teachers just to accomodate the shortages.

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 01:39 PM

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

And if confronted with 20 straight months of private sector job growth, they'll insist that those jobs "don't count" because there's never more than 150,000 of them.

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Response to TheWraith (Reply #2)

Thu Jan 5, 2012, 07:44 PM

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

Not sure what it will take to convince them we are recovering.

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 01:45 PM

3. I hope that is true --

 

but there are some potential problems. This jobs info is from ADP not the government:

“This huge purge of workers is beyond the scope of normal seasonal adjustment,” D’Antonio, an economist at Citigroup Global Markets Inc. in New York, said in a research note before the report. “So the ADP folks have to make huge assumptions for December that often widely miss the mark.”

ADP’s initial figures for November showed a 206,000 gain, while the Labor Department’s data two days later registered an increase of 140,000 in private payrolls for the month.

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Response to Hell Hath No Fury (Reply #3)

Fri Jan 6, 2012, 01:01 PM

32. Picture worth a 1,000 words

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 01:50 PM

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

All jobs are not created equal
By Ed Garvey

Are you sick of it yet? You know: “JOBS, JOBS, JOBS.” Every program, silly or serious, is introduced with the line “this will create jobs.”

“Jobs, jobs, jobs” to justify the cost of another tax break for the rich or a new appointment. Everything espoused by the tea partiers will, we are told, create more jobs. But, as Tom Harkin pointed out years ago, slaves had jobs. We want good jobs — with benefits and wages that can support a family.

Governor Scott Walker promised to create 250,000 permanent, family-supporting jobs in four years. If the poverty level is $22,000 for a family of four, we assume that a family-supporting job is roughly twice that amount. How did Walker kick off his mission? By killing a couple thousand high-speed rail jobs; watching Kohler cut 300 jobs, terminating 400 people at the Commerce Department. Some start.

On FightingBob.com, we are keeping a tally on Walker-created jobs. Walker — our man of La Mancha — must create 177 jobs every day, weekends included, to reach his goal. He is down more than 6,000 jobs at this point, so he had better get moving.


--more--
http://www.fightingbob.com/article.cfm?articleID=1263

Are these good-paying, family-supporting jobs? And are they permanent?

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 02:34 PM

6. What kind of jobs?

I'm just not seeing it. My job depends on a healthy middle class.

Shit, I would just like business pick up enough so I could go back to full time and be able to quit my soul-sucking minimum wage retail cashier night job.

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 02:40 PM

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

Too bad Doomers and the GOP...

yup

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Response to jpak (Reply #7)

Fri Jan 6, 2012, 02:27 AM

25. Oh, noes!

Mustn't encourage a stark appraisal of our distressed global economy! Must be GOOD little sheeple, and lap up those lovely 'gradual recovery' red herrings!

hmm... I think the above commentary is no more helpful than your condescending snark...

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 02:58 PM

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

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Response to valerief (Reply #8)

Thu Jan 5, 2012, 04:04 PM

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

and while wide from his 250,000 mark, he sure helped out with some outsourcing to CA and other locales wide from Wisconsin.

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 03:03 PM

9. I sure hope people can start finding jobs again

 

Man if the economy takes off this year the president will have reelection on lockdown!

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 03:33 PM

10. Are these jobs Living-Wage-Jobs?

 

Jobs with benefits? Permanent jobs? Full time jobs?

Only one of the above? Or all of the above?

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Response to RC (Reply #10)

Thu Jan 5, 2012, 04:40 PM

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

 

Any paycheck is welcomed.

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Response to Purveyor (Reply #14)

Thu Jan 5, 2012, 06:39 PM

17. Yes, it does matter.

 

Do you really want to spend the rest of your life doing part time, minimum wage jobs to survive?

Yeah, it really does matter.

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 04:06 PM

12. Good news although not really enough.

But at least it is a move in the right direction.

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Response to JDPriestly (Reply #12)

Thu Jan 5, 2012, 04:39 PM

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

 

unless the price of oil spikes.

The neocons are so hoping for this hence their giddiness over a military strike on Iran.

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Response to JDPriestly (Reply #12)

Fri Jan 6, 2012, 05:09 AM

27. Precisely

I would stay it's a start, but really nothing beyond that. There is simply too much negative economic news and one only need look at the price of gasoline as they pass by a station to begin informing themselves that things are not particularly good.

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 04:46 PM

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

I've found that they are consistently wrong, toward the sunny side, every...single...month.

Why anyone would pay for their information is beyond me. Check the official results tomorrow.

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Response to Fuddnik (Reply #15)

Thu Jan 5, 2012, 05:22 PM

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

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Response to jpak (Reply #16)

Thu Jan 5, 2012, 07:10 PM

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

which is still good, above the 100K we need to keep up with population growth. They say they expect the official unemployment rate to go UP to 8.7%. Apparently, they expect the labor force to grow more than normal this month. Hmm, December college graduates, maybe? It's hard to fathom all the adjustments and manipulations in these figures.

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Response to jpak (Reply #16)

Thu Jan 5, 2012, 07:44 PM

22. They're usually further off than that.

And I'm not talking about whether I'd be disappointed or not. Just pointing out a fact that I've observed, month after month for years.

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Response to Fuddnik (Reply #15)

Thu Jan 5, 2012, 07:41 PM

21. Are they counting only private sector employment?

whereas the Labor Dept considers both private and public (govt) employment

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Response to Fuddnik (Reply #15)

Fri Jan 6, 2012, 10:30 AM

30. Really?

Which is which then.....what happens when you chart one of them?

http://www.adpemploymentreport.com/ner/charting.aspx

?634614387973615066


And here's a long term indepensdent review showing changes by month from both sources rather than total (no cheating - these are labeled series)



http://seekingalpha.com/article/278674-adp-vs-bls-correlating-the-labor-reports

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 06:43 PM

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

and other posters are suggesting to be skeptical of this firm's figures.

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Response to alp227 (Reply #18)

Fri Jan 6, 2012, 03:28 AM

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

I live in Washington state. Boeing added jobs in Auburn, Everett, Fredrickson and Renton. According to articles in the Everett Herald and the Puget Sound Business journal, Boeing has hired an average of 100 new workers in the region every week since April 2011. Boeing is hiring through its IAM Joint Apprenticeship Program, too. Apprentice wages begin at $11 hr and rise to $18.57 but most of the hiring has been at Labor Grade 7 or above with the average new hire starting at $22.50.

Boeing subcontractors are hiring, too.

2011 is the second consecutive year to register employment growth in the manufacturing sector. We haven't had two consecutive years in growth in manufacturing since the late 80s.

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 07:07 PM

19. that is good

now keep going!!!

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Response to Purveyor (Original post)

Thu Jan 5, 2012, 08:47 PM

24. Hey-oooooooo!!!!!!

 

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Response to Purveyor (Original post)

Fri Jan 6, 2012, 07:21 AM

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

and now we have been adding jobs jobs every month for the past 23 months?

We still have a long way to go but this really puts the bee in the republican's
talking point bonnet.

Dropping 700,000 jobs per month or adding 325,000 jobs per month which
would you rather have?

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Response to Purveyor (Original post)

Fri Jan 6, 2012, 09:47 AM

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

. . . even though, policy-wise, not much has changed since Bewsh. We still have a ways to go, but any good news is reassuring to most struggling Americans.

Now that the economy is showing positive signs, the reasoning for further extending the $2 trillion-costing tax cuts for the wealthy (like the 1%er Repubs want) becomes weaker and weaker.

See this? >

This is the world's most microscopic tear being shed for their plights.

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Response to Purveyor (Original post)

Fri Jan 6, 2012, 10:32 AM

31. That's good.

 

K and R

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Response to Purveyor (Original post)

Fri Jan 6, 2012, 01:07 PM

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

 

over the holidays?

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Response to Purveyor (Original post)

Fri Jan 6, 2012, 02:05 PM

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

Perot said that jobs would return to the USA,

....when wages and benefits in the US fell to 3rd World standards.

Ross was right.



You will know them by their WORKS,
not by their excuses.
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