ADP National Employment Report: Private Sector Employment Increased by 177,000 Jobs in June

[mahatmakanejeeves]

Source: ADP National Employment Report

ADP National Employment Report: Private Sector Employment Increased by 177,000 Jobs in June

ROSELAND, N.J. – July 5, 2018 – Private sector employment increased by 177,000 jobs from May to June according to the June ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

Total Employment



[CHART] Change in Nonfarm Private Employment

Historical Trend



[CHART] Historical Trend - Change in Total Nonfarm Private Employment

Read more: https://www.adpemploymentreport.com/2018/June/NER/NER-June-2018.aspx

---

BLS is tomorrow.

[heaven05]

1. bullshit

The orange trumpturd is destroying jobs, farming, manufacturing, continuing the nixon-kissinger doctrine toward China, in america. Getting his 2020 campaign flags made in China!!!! Dammit!!!!!!!!!!!! Well in college I took a class, How to LIE with Statistics....they will be doing a lot of lying in the next 2+ years I think.

[bitterross]

2. Thank you Obama for the strength of the trend.

If anyone is to be congratulated for this it is the previous administration.

[ck4829]

3. Serious question - Does this include quarter a day prison jobs contracted out to private employers

or working a quarter a day prison job in a privatized prison?

[luvtheGWN]

4. Or, as recently heard on NPR,

the millions of workers who have had to take on 2 or 3 more jobs (all part-time, no benefits) in order to pay for food and housing. Gee, those jobs can really add up, can't they?

[ck4829]

5. Yep, we have a gig economy

Is it a strong economy if you're not sure your job is even going to be around tomorrow... oh it will be around, but it won't be you working anymore.

[FBaggins]

6. It doesn't

ADP's data is from actual payrolls that they manage for about 400k businesses.

[ck4829]

7. Ah, thanks

[yallerdawg]

8. Below forecast.

This is not a good report.

Lot a stocks selling on a required uptick, I see. If you know what I mean

Tomorrow's report may be nothing to tweet about!

[FBaggins]

9. It's more nuanced than that

I'll preface my remarks by saying that I don't think much of the ADP report compared to the BLS figures and that presidents get way too much credit and/or blame for the jobs market when many other factors are more important. I'll also say that I don't see lots of selling in response. Having said all that...

... This report isn't bad in absolute terms. The number represents a pretty robust jobs market, which is remarkable given how insanely low unemployment has gooten. It's "bad" because because it wasn't AS good as it was projected to be, which could be good because it tempers expectations of inflation. EXCEPT that it's also not so bad because the lower-than-expected figure wasn't caused by a lack of jobs, but by a shortage of qualified exmployees to fill them - which is bad news for employers because it means wages have to go up... but that's good news for employees who have gone many years without robust wage growth... but that's bad news again because it means higher inflation and higher Fed rates.