ADP Private Payrolls Rise 154,000 in September

[mahatmakanejeeves]

Source: The Wall Street Journal.

ADP Private Payrolls Rise 154,000 in September

Figure undershoots expectations but trend is of a labor market in `full-swing`

By Austen Hufford

[e-mail]
http://twitter.com/austenhufford

Oct. 5, 2016 8:46 a.m. ET

Private U.S. employers continued to hire solidly in September, but the growth slowed from recent months as the economy returns to full-employment.

Firms across the country added 154,000 workers to their ranks this month, according to payroll processor Automatic Data Processing Inc. and forecasting firm Moody’s Analytics. Economists surveyed by The Wall Street Journal expected an increase of 173,000.
....

August’s jobs gain, initially reported at 177,000, was cut slightly to 175,000. The ADP report is based on private payroll data in addition to lagged behind government data.

Last week, several economists upgraded their projections for third-quarter growth after The Commerce Department said the second-quarter gross domestic product grew at a 1.4% inflation-adjusted annual rate.


Read more: http://www.wsj.com/articles/adp-private-payrolls-rise-154-000-in-september-1475671605

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ADP National Employment Report September 2016

[tonyt53]

1. Sept. is generally a slow month. School shopping is done and people are settling into that.

This month and early next month, employers will start hiring for the Christmas shopping season. It is always cyclical. But for 154K in a usually slow month? That is good news.

[progree]

2. The ADP reports are seasonally adjusted

http://www.adpemploymentreport.com/2016/September/NER/NER-September-2016.aspx

[GummyBearz]

3. 151,000 gain in the "service providing" sector... thats a lot of new walmarts and McD's

And lost 6,000 manufacturing jobs. So, decent paying union jobs are down but part time, minimum wage, no benefits included jobs are made huge gains. Some how I'm not thrilled about that.

http://www.adpemploymentreport.com/2016/September/NER/NER-September-2016.aspx

[shenmue]

4. Thanks, Obama!

[progree]

5. Wages (inflation-adjusted) rising too

INFLATION-ADJUSTED Average Weekly Earnings Of Production And Nonsupervisory Employees, Total Private, 1982-84 Dollars
http://data.bls.gov/timeseries/CES0500000031

Again, the above are INFLATION-ADJUSTED earnings

Here is the nominal, i.e. not-inflation-adjusted version of the above:
Weekly: http://data.bls.gov/timeseries/CES0500000030

Hourly: http://data.bls.gov/timeseries/CES0500000008

Not all service providing jobs are low wage -- the service sector is everything except goods-producers. For example, the graphic on that page

http://www.adpemploymentreport.com/2016/September/NER/NER-September-2016.aspx

shows a combined increase of Trade, Transportation, & Utilities, Financial Activities, and Professional & Business of 71,000 -- most of these are middle-paying or better. We've been predominantly a service economy for probably all the way back to the 50's.