ADP December Jobs Report 2013: Businesses Hired 238,000 Workers, Biggest Gain In 2013 getdiscountz.blogspot.com

getdiscountz.blogspot.com ® ADP December Jobs Report 2013: Businesses Hired 238,000 Workers, Biggest Gain In 2013

The U.S. private sector saw the strongest month for job growth this year in December, surpassing the record set in November, ADP Employer Services reported on Wednesday. Markets look to ADP's report on private-sector payrolls to provide some guidance on the government’s monthly jobs estimate, which includes information on both private- and public-sector payrolls.

New Jersey-based ADP said U.S. private-sector employment increased by a solid 238,000 in December, up from the upwardly revised 229,000 gain in November. The number topped analysts’ expectation of a 215,000 gain.

Mark Zandi, chief economist of Moody’s Analytics, said, “The job market ended 2013 on a high note. Job growth meaningfully accelerated and is now over 200,000 per month. Job gains are broad-based across industries, most notably in construction and manufacturing. It appears that businesses are growing more confident and increasing their hiring.”

The Labor Department will release the government's December jobs report on Friday at 8:30 a.m. EST. Employers probably added 195,000 jobs last month, according to economists polled by Thomson Reuters. This would still represent a modest improvement from the three-month average pace of payroll gains of 193,000 through November. The unemployment rate is seen holding at a five-year-low of 7.0 percent.

ADP December Jobs Report 2013: Businesses Hired 238,000 Workers, Biggest Gain In 2013

ADP November Jobs Report 2013: Businesses Hired 215,000 Workers, More Than Expected getdiscountz.blogspot.com

getdiscountz.blogspot.com ® ADP November Jobs Report 2013: Businesses Hired 215,000 Workers, More Than Expected

The U.S. private sector saw the strongest month for job growth this year in November, ADP Employer Services reported on Wednesday. Markets look to ADP's report on private-sector payrolls to provide some guidance on the government’s monthly jobs estimate, which includes information on both private- and public-sector payrolls.

New Jersey-based ADP said U.S. private-sector employment increased by a healthy 215,000 in November, up from the upwardly revised 184,000 gain in October. The number blew past analysts’ expectation of a 173,000 gain.

Mark Zandi, chief economist of Moody’s Analytics, said, “The job market remained surprisingly resilient to the government shutdown and brinkmanship over the treasury debt limit. Employers across all industries and company sizes looked through the political battle in Washington. If anything, job growth appears to be picking up.”

The Labor Department will release the government's November jobs report on Friday at 8:30 a.m. EST. Employers probably added 180,000 jobs last month, according to economists polled by Thomson Reuters. That’s lower than the average of 202,000 job gains recorded over the past three months. The unemployment rate is seen dropping to 7.2 percent, from 7.3 percent in October.

ADP November Jobs Report 2013: Businesses Hired 215,000 Workers, More Than Expected

ADP October Jobs Report 2013: Businesses Hired 130,000 Workers, Fewer Than Expected getdiscountz.blogspot.com

getdiscountz.blogspot.com ® ADP October Jobs Report 2013: Businesses Hired 130,000 Workers, Fewer Than Expected

The U.S. private sector added fewer jobs than expected in October, ADP Employer Services reported on Wednesday. Markets look to ADP's report on private-sector payrolls to provide some guidance on the government’s monthly jobs estimate, which includes information on both private- and public-sector payrolls.

The Labor Department plans to publish the government October jobs report on Nov. 8 -- a week later than originally scheduled due to the 16-day partial government shutdown.

New Jersey-based ADP said U.S. private-sector employment increased by a disappointing 130,000 in October, lower than the downwardly revised 145,000 gain in September. The number also missed analysts’ expectation of a 150,000 gain.

Mark Zandi, chief economist of Moody’s Analytics, said, “The government shutdown and debt limit brinksmanship hurt the already softening job market in October … Any further weakening would signal rising unemployment.”

ADP October Jobs Report 2013: Businesses Hired 130,000 Workers, Fewer Than Expected