Peak employment post "crisis" was 2014, down trend since.
ADP: Private Sector Employment Increased by 179,000 Jobs in November
Private sector employment increased by 179,000 jobs from October to November according to the November 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. “Although the labor market performed well, job growth decelerated slightly,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. ”Midsized ... (full story)
Added @ 8:17am
Private payrolls rise 179K in Nov. vs 195K est.: ADP/Moody's
Companies slowed the pace of job creation in November as the labor market indicated more signs of tightening, according to a report Thursday from ADP and Moody's Analytics. Private payrolls increased by 179,000, below the 195,000 growth expected by a Refinitiv survey of economists. The number also was a drop from the 225,000 in October and below the 203,000 prior monthly average. Job gains were concentrated in medium-size businesses, with 50 to 499 employees, and came almost exclusively from services-providing companies. "Job growth is strong, but has likely peaked. This month's report is free of significant weather ... (full story)
- Posted: Dec 6, 2018 8:16am
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