U.S. Economy Added 158,000 Private-Sector Jobs in October, According to ADP National Employment Repo

[mahatmakanejeeves]

Last edited Thu Nov 1, 2012, 09:26 AM - Edit history (3)

Source: ADP Payroll Services

Highlights
Small businesses (1-49 employees) +50,000
Medium businesses (50-499 employees) +27,000
Large businesses (500 or more employees) +81,000

Historical Trend – Change in Total Nonfarm Private Employment (in thousands)



http://www.adpemploymentreport.com/docs/nov/ADP%20NATIONAL%20EMPLOYMENT%20REPORT_October2012_Final%20Press%20Release.pdf

ADP National Employment Report: Private Sector Employment Increased by 158,000 Jobs in October

Roseland, N.J. - November 1, 2012 - Private sector employment increased by 158,000 jobs from September to October, according to the October ADP National Employment Report, which is produced by Automatic Data Processing, Inc. (ADP®), a leading provider of human capital management solutions, 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.

Goods-producing employment rose by 14,000 jobs in October after declining in the two prior months. Gains in construction of 23,000 more than offset the 8,000 decline in manufactuering employment.

Service-providing jobs increased by 144,000. Among the service industries reported by the ADP National Employment Report, professional/business services had the largest gain with 35,000 jobs added over the month. Trade/transportation/utilities added 24,000 jobs and financial activities added 9,000 jobs in October.

Read more: http://www.adpemploymentreport.com/NER-November2012.aspx

---

The Bureau of Labor Statistics will release its numbers on Friday at 8:30 a.m. Same Bat-time, same Bat-channel.

So how many jobs must be created every month to have an effect on the unemployment rate? There's an app for that.

http://www.frbatlanta.org/chcs/calculator/index.cfm
Federal Reserve Bank of Atlanta Jobs Calculator™

ETA: link to last month's BLS and ADP reports, which are chock-full of links to previous ADP and BLS reports

BLS, for employment in September:

http://www.democraticunderground.com/?com=view_post&forum=1014&pid=256565
U.S. Economy Added 114,000 Jobs In September, Unemployment Falls To 7.8%

and

http://www.democraticunderground.com/?com=view_post&forum=1014&pid=256816
U.S. Bureau of Labor Statistics - The Employment Situation - September 2012

ADP, for employment in September:

http://www.democraticunderground.com/1014254238
U.S. Private-Sector Employment Increased by 162,000 Jobs in September, According to ADP

[VirginiaTarheel]

1. They were fairly accurate last month

Although they always have been inaccurate other months.

[WallaceRitchie]

2. Not quite

They just partnered with Moody's and revised their initial estimate. Originally ADP claimed 162,000 jobs then revised down to 88,000... compared to the actual 104,000

[pinqy]

10. The 88k number is bogus

It came from a CNBC article, but is nowhere to be found on the ADP site. They revised the September number from 169,000 to 114,000.

[WallaceRitchie]

3. Better than expected 135,000

This is a good sign for the President and the economy.

Expect the BLS unemployment rate to be very favorable... and Republicans to spend Friday ranting about conspiracies.

[DCBob]

4. Decent numbers.. beat expectations.

this means tomorrows BLS unemployment numbers should be stable or perhaps even a tick down.

[durablend]

5. Jack Welch says these are CLEARLY cooked!

"OBVIOUSLY a last failed attempt by the Obama administration to hold onto the presidency!"

[klook]

6. So, are we better off today than we were four years ago? The numbers say yes.

ADP Reports 157,000 Jobs Lost in October (2008)

Clearly, President Obama's policies are good for small business!

In October, firms employing between 1-19 workers increased jobs by 18,000; firms with 20-49 employees added 32,000. Medium-sized businesses with payrolls of 50-499 workers added 27,000. Among large firms, businesses with 500-999 employees added 12,000 and large companies with more than 1,000 employees added 69,000. [br]- ADP Research Institute

Also, while it's bad to lose even one job, hiring in October 2012 far outpaced layoffs: Despite the loss of 8k manufacturing jobs, jobs were UP in every other sector ADP measures.

Once again, bad news for Republicans is good news for Americans!!

[workinclasszero]

7. "Once again, bad news for Republicans is good news for Americans!!"

Funny how that works, eh?

[LaPera]

8. 33 straight months of job growth - Over 5 million jobs added - Unemployment under 7.5%

As of tomorrows Official numbers via Bureau of Labor Statistics.


The BLS is the same OFFICIAL agency that reports all administrations republican & democrat that we have gone by and have judged by for decades!!

[BREMPRO]

9. Game over for Rmoney!..last job report b4 election is better than expected...he's out of ammo.

this report could have been a game changer if it was bad., but without that, and the surge Obama is getting from his + handling of Sandy/ vs. Rmoney's FEMA blunders and his desperate lies about Chrysler and the auto bailout move the race to the finish with Obama a huge favorite in my opinion..

[xtraxritical]

11. From pretty much the start of the Obama Presidency employment has been increasing.

George W Bush created zero new jobs and the economy was hemorrhaging 800,000 jobs per month by his last year in office. Romney surrounds himself with, and takes advice from, the same neocons that Bush used. Romney is proposing the same tax cuts for the wealthy one percent that Bush enacted. If elected and getting the chance to put their policies into practice Romney/Ryan will put the whole world into a depression that will make 1930 look good.

[pinqy]

12. The Obama presidency didn't start until March 2010????

Yes, there was steady job loss under Bush in his last year (net gain of about 1million jobs since Jan 2001) but the losses continued until February 2010 and didn't start increasing until March 2010.

[mikekohr]

13. The Key Stat Is Employment Steadily Improved As Soon As The Presidents Policies Took Place

459,000 manufacturing jobs have been added since January 2010


Mitt Romney wants to re-institute the George W. Bush economic policies that produced the worst job creation numbers since Herbert Hoover, & the second deepest economic downturn since the Republican gifted Great Depression.

ARE WE BETTER OFF THAN 4 YEARS AGO?

7949 DOW close on Bush's last day in office
13,557 yesterday (Biggest 3.5 year gain -EVER-)
-800,000 jobs per month Bush's last month in office

For the 12 months between March 2011 and March 2012, the economy added 2.4 million jobs, or an average of 200,000 per month. (The greatest turnaround -EVER-)

-64%, my 401K under 8 years of Bush
+426%, my 401k under 3.5 years of President Obama
(Biggest turnaround in my 401K -EVER-)
?

Are we better off than 4 years ago. You betcha!

President Obama's Record Of Private Sector Job Creation Is 157,143 Per Month Since 4/2010, - better than any Republican President’s 1st Term Record -

Since President Obama's economic policies ended the George W. Bush gifted Great Recession, halted staggering monthly job losses that approached 800,000, and returned the nation to positive job growth in record time he has enjoyed a private sector job creation rate that exceeds the 1st term job creation record of ANY Republican President in history.

Below is a table which shows job creation by President for ALL terms served. Reagan's record in his first term in office was 109,000 per month. Reagan inherited stellar job creation from President Carter of 216,000 and by the end of his 1st term, cut it in nearly in half. President Obama inherited the deepest drop in job loss since the Great Depression and has since April of 2010 outperformed every Republican president 1st term record on job creation.

When examining the record of job creation we must look where President Obama started out to fully understand how far he has taken us as a nation down the road to recovery.


cached at: http://bureaucountydems.blogspot.com/2012/10/job-creation-under-president-obama.html


This is yet another repeat of the historical standard: Republicans fuck up, and Democrats clean up.

http://2.bp.blogspot.com/_mHSyEv8vBt4/S6Zvl-nui8I/AAAAAAAAACQ/3j0wUSj78mk/s640/Job+growth+graph.jpg?

The record shows two unmistakable patterns:
1.Every time a Republican succeeds a Democrat in the White House, the job creation rate plummets.
2.Every time a Democrat succeeds a Republican in the White House, the job growth rate soars. Every time! No exceptions!

Considering the steady growth in population of the United States during this time frame the job creation rate should steadily increase each month (currently it must grow by 128,000 per month to keep up with population growth). This trend only manifests itself when examining Democratic administrations:

Listed below is the average job growth increase for all terms served:


http://1.bp.blogspot.com/_mHSyEv8vBt4/S6Z6xo0qSnI/AAAAAAAAACY/p8SkoEnN5dw/s640/job+creation+by+president.jpg?

cached at: http://bureaucountydems.blogspot.com/p/job-growth.html