ADP says 291,000 private-sector jobs created in January, largest gain in 4 years

[mahatmakanejeeves]

Source: MarketWatch

ADP says 291,000 private-sector jobs created in January, largest gain in 4 years

Published: Feb 5, 2020 9:57 a.m. ET

Warm weather 'juiced' the data, Moody's Zandi says

By GREG ROBB
SENIOR ECONOMICS REPORTER

The numbers: Private-sector employment surged 291,000 in January, Automatic Data Processing Inc. reported Wednesday. The gain was well above forecasts from economists surveyed by Econoday who expected a gain of 154,000. It was the largest increase since May 2015.

What happened: Small businesses added 94,000 jobs in January, ADP said. Medium-sized businesses added 128,000 and large companies added 69,000

There were broad gains across sectors. According to data on 10 major industries tracked by ADP, leisure and hospitality had the biggest gain in January. Education also had a strong gain.

Only mining had a small decline.

Big picture: Economists note there has been a big gap recently between ADP and government data, so the strong ADP reading might not lead to many upward estimates for job growth. According to a MarketWatch survey, economists expect 165,000 job gains in January and the unemployment rate to hold steady at 3.5%, a 50-year low.

Most economists expects a slower pace of job growth as the year progresses.

Read more: https://www.marketwatch.com/story/adp-says-291000-private-sector-jobs-created-in-january-largest-gain-in-4-years-2020-02-05

---

I don't know how I forgot to post this.

-- -- -- -- --

JANUARY 2020
ADP National Employment Report
Private-sector employment increased by 291,000 from December to January, on a seasonally adjusted basis.

https://www.adpemploymentreport.com/2020/January/NER/NER-January-2020.aspx

[bucolic_frolic]

1. I think this report is an outright pack of lies

Help wanted in my region is a quarter of what it was in September. Businesses are still closing, even as new shopping malls are built. Maybe this is the Trump-SOTU jobs report release?

[texasfiddler]

2. More low wage jobs?

[Recursion]

18. Nope, wages have been increasing at the fastest rate on record since 2015

I mean, yes, there are probably some low-wage jobs in that 291,000, but much fewer than in years past

[cstanleytech]

3. Number of new jobs though means jack shit if said jobs are low paying ones as what

we need is significant growth of the middle and upper middle class.

[mahatmakanejeeves]

4. Links to earlier reports:

Thursday, January 9, 2020: Links to earlier reports:

Updated from this post of Friday, December 6, 2019: Good morning. Links to earlier reports:

-- -- -- -- -- --

[center]Past Performance is Not a Guarantee of Future Results.[/center]

Nonetheless, what is important is not this month's results, but the trend. Let’s look at some earlier numbers:

Bureau of Labor Statistics, for employment in December 2019:

Economy adds 145,000 jobs in December as unemployment rate remains at 3.5 percent

ADP^® (Automatic Data Processing), for employment in December 2019:

U.S. private sector adds the most jobs in eight months

Bureau of Labor Statistics, for employment in November 2019:

Labor market remained strong in November as U.S. economy added 266,000 jobs

ADP^® (Automatic Data Processing), for employment in November 2019:

U.S. private sector job growth slows down sharply in November: ADP

Bureau of Labor Statistics, for employment in October 2019:

U.S. economy added 128,000 jobs in October as GM strike displaced workers; jobless rate ticks up

Bureau of Labor Statistics, for employment in September 2019:

U.S. economy added just 136,000 jobs in September, in fresh sign economy is cooling

ADP^® (Automatic Data Processing), for employment in September 2019:

ADP National Employment Report: Private Sector Employment Increased by 135,000 Jobs in September

Bureau of Labor Statistics, for employment in August 2019:

U.S. economy adds just 130,000 jobs in August amid worries

ADP^® (Automatic Data Processing), for employment in August 2019:

Survey: Businesses added a solid 195,000 jobs in August

Bureau of Labor Statistics, for employment in July 2019:

U.S. Added 164,000 Jobs in July; Unemployment Rate at 3.7 Percent

ADP^® (Automatic Data Processing), for employment in July 2019:

ADP says 156,000 private-sector jobs added created in July

Bureau of Labor Statistics, for employment in June 2019:

Hiring rebounds as U.S. economy adds 224,000 jobs in June;unemployment rate inched up to 3.7 percent

ADP^® (Automatic Data Processing), for employment in June 2019:

U.S. private sector hiring picks up less than expected in June: ADP

Bureau of Labor Statistics, for employment in May 2019:

The U.S. economy added only 75,000 jobs in May amid bite from Trump's trade war

ADP^® (Automatic Data Processing), for employment in May 2019:

ADP private-sector job growth tumbles to a 9-year low in May

Bureau of Labor Statistics, for employment in April 2019:

UPDATE: U.S. unemployment fell to 3.6 percent, lowest since 1969

ADP^® (Automatic Data Processing), for employment in April 2019:

ADP National Employment Report: Private Sector Employment Increased by 275,000 Jobs in April

Bureau of Labor Statistics, for employment in March 2019:

UPDATE: U.S. added 196,000 jobs in March as economy shows signs of spring bounce

ADP^® (Automatic Data Processing), for employment in March 2019:

Private sector hiring falls to 18-month low, and manufacturing sheds jobs, ADP says

Bureau of Labor Statistics, for employment in February 2019:

U.S. adds meager 20,000 jobs in February to mark smallest increase in 17 months

ADP^® (Automatic Data Processing), for employment in February 2019:

ADP National Employment Report: Private Sector Employment Increased by 183,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2019:

U.S. creates 304,000 jobs in January, unemployment rises to 4%

ADP^® (Automatic Data Processing), for employment in January 2019:

U.S. added 213,000 private-sector jobs in January, ADP says

Bureau of Labor Statistics, for employment in December 2018:

Payroll employment increases by 312,000 in December; unemployment rate rises to 3.9%

ADP^® (Automatic Data Processing), for employment in December 2018:

U.S. adds most private-sector jobs in almost 2 years, says ADP

Bureau of Labor Statistics, for employment in November 2018:

Payroll employment increases by 155,000 in November; unemployment rate unchanged at 3.7%

ADP^® (Automatic Data Processing), for employment in November 2018:

U.S. adds 179,000 private-sector jobs in November: ADP

[Roland99]

5. With unemployment at such a low level, 300,000 jobs in a month seems ridiculous

[sandensea]

7. I suspect Cheeto's having someone play with the numbers

Just like he always has, his whole life.

[mahatmakanejeeves]

10. This is ADP, not BLS. That comes out on Friday. NT

[Igel]

19. Not BLS.

And these things tend to have built-in error, fixing previous months and fixed in later months.

However, what'll be worth looking at are those unattached to the labor force next month--there's a measure of unemployment that includes those who haven't been looking for work and it might be that a chunk of those rejoined the labor force.

[Roland99]

20. Yeah. It's ADP. All private sector

And it would be quite the outlier for LFPR to jump that much

[sandensea]

6. "It was the largest increase since May 2015..." - and who was president at the time?

[yaesu]

8. That is a lot of burger flipping. nt

[Wellstone ruled]

9. Major staffing up for the Cenus.

Estimated to be 250k.

[Roland99]

14. Ok. That makes sense

[onenote]

21. Nope. This is all private sector employment.

[gldstwmn]

11. The only thing they forgot to include is what those

jobs pay.

[jcmaine72]

12. I have seen evidence of this economic miracle of miracles myself!!

My local car wash just hired two new cleaners. Dotard's economic genius has really elevated our nation to heights never before seen.

[Traildogbob]

13. Fake news

Doctored numbers. Book keeping fraud. Just like the Black Guy did. Real unemployment is 50, 60, maybe 70 percent. The greatest unemployment in the history of the world. MAGA.

[Roland99]

15. Leisure/Hospitality - 96,000 .... Education/Heathcare - 70,000

the bulk of it.

https://www.adpemploymentreport.com/2020/January/NER/docs/NERinfographic-January2020.pdf


Healthcare was 47,000 of that 70,000

[Midnight Writer]

16. Largest employer in my small town (Pop. 14,000) just announced closure, over 1000 layoffs.

Folks are scrambling, this will kill the economy here.

[groundloop]

17. I know of a Goodyear plant that's closing while they ship jobs to Mexico....

Why isn't the Great tRump putting a stop to that?

Furthermore, I have to wonder if a lot of the 'created' jobs were people taking on a second job to make ends meet because their primary job pays so poorly.

[heckles65]

22. When people say the economy is so great, respond by asking if they've heard this word of late...

"Sequester." Remember "sequester"? How about the term "fiscal cliff," which the U.S. was going to dive over? How about comparisons to Greece?

Don't hear these any more, do you?

What's my point? The point is we now have the economy we could have had eight years ago - if the Tea Party had let us.

It's 2020. No more pinchpenny state governments. No more "California is collapsing" news articles. The Republicans are in power and deficits don't matter anymore.