Companies Add Fewest U.S. Workers in Nearly a Year, ADP Says
Last edited Wed Oct 4, 2017, 12:39 PM - Edit history (4)
Source: Bloomberg
Companies Add Fewest U.S. Workers in Nearly a Year, ADP Says
By Sho Chandra
October 4, 2017, 8:16 AM EDT October 4, 2017, 9:12 AM EDT
Companies last month added the fewest number of workers in nearly a year, reflecting a hit to the U.S. job market from hurricanes Harvey and Irma, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey.
HIGHLIGHTS OF ADP EMPLOYMENT (SEPTEMBER)
* Private payrolls rose by 135k (matching est.), the smallest gain since October 2016, after revised 228k increase in August
* Payrolls in goods-producing industries, which include builders and manufacturers, rose 48k
* Service providers added 88k workers, also the fewest in 11 months
* Hurricanes led to a decrease in net hiring at small companies, ADP says
Key Takeaways
The report is the latest to show economic data are being affected by the tropical storms. The swings may continue in coming months, following the pattern seen after major weather events such as superstorm Sandy in the Northeast in 2012.
Excluding the impact of the weather, the labor market continues to make progress, helping to underpin consumer spending, the biggest part of the economy. At the same time, employers face the challenge of finding skilled workers as the job market is tightening.
The ADP results provide a signal for the private payrolls tally in the September jobs report due from the Labor Department on Friday.
Read more: https://www.bloomberg.com/news/articles/2017-10-04/companies-in-u-s-added-135-000-jobs-in-september-adp-data-show
ETA, at 12:39 p.m., links to the source for this report:
https://www.adpemploymentreport.com/
https://www.adpemploymentreport.com/2017/September/NER/NER-September-2017.aspx
= new reply since forum marked as read
just look at him scheming and smiling
There must be thousands in that field alone.
My father worked for ADP almost from the start, he was hired by eventual NJ Senator Frank Lautenberg.
