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  • ADP National Employment Report: Private Sector Employment Increased by 428,000 Jobs in August

    From adpemploymentreport.com Story is in PDF Format

    Private sector employment increased by 428,000 jobs from July to August according to the August 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 U.S. Nonfarm Private Employment: 428,000 By Company Size • Small businesses: 52,000 o 1-19 employees 43,000 o 20-49 employees

Added at 8:20am

  • Private payrolls grow by 428,000 but miss expectations, ADP report says

    From cnbc.com

    Private payroll growth came in well below expectations for August, according to a report Wednesday from ADP, whose job tallies have differed widely from the government’s during the coronavirus pandemic. Companies added 428,000 jobs during the month, well below the 1.17 million estimate from economists surveyed by Dow Jones though a leap above the lackluster 212,000 that ADP measured for July. Big business dominated job creation, as firms with more than 500 employees added 298,000 workers. Medium-sized businesses were next with 79,000 while companies with fewer than 50 workers grew by 52,000. Job creation skewed ... (full story)

  •  Guest
  • | IP XXX.XX.228.216
That's much better than the last month, so I consider this good news.
very very good data ....
All my analysis is based on Wyckoff Methods
"ADP’s numbers have lagged the government’s count since the pandemic began in March. July’s total was revised up from the initial estimate of 167,000, but was still well below the Bureau of Labor Statistics nonfarm payroll count of 1.76 million. For June, ADP initially reported growth of 2.4 million, then revised it to nearly 4.5 million, and May’s total initially was a loss of 2.76 million that subsequently was revised all the way up to a gain of 3.34 million."
While I agree with Vancarbon that this was a HUGE miss, I'm not too concerned ...yet.

Remember most Blue states are still closed due to "pandemic" - this job increases are coming from the Red states that are continuing to stay open and watch their Cov-19 numbers decrease at the same time.

This 'should' make people leery of a big miss this Friday with NFP.
...because you never know - until you do!
Same tone what about uk
Is this a scam?
Quoting fxsport
...Remember most Blue states are still closed due to "pandemic" - this job increases are coming from the Red states that are continuing to stay open and watch their Cov-19 numbers decrease at the same time...
interesting observation
You don't know because you don't ask.
Overall Good data, better than last month, USD might continue its bullish strength for now, we may see a pullback at the asian session tho.
  •  Guest
  • | IP XXX.XX.188.157
This report illustrates re-instated jobs, primarily low paying corporate "service" sector, regained less than half of what was lost at the costs of a heavily devalued $ and the decimation of the small private business sector.
Quoting Guest
This report illustrates re-instated jobs, primarily low paying corporate "service" sector, regained less than half of what was lost at the costs of a heavily devalued $ and the decimation of the small private business sector.
It just goes to show that while restaurant chains like AppleBees, Olive Garden, etc., will survive the small neighborhood mom & pop restaurant's will most likely not come back, or in the case of some cities, they were burned in the looting and riots that were disguised as "peaceful protests"

I highly doubt that the heavily devalued $ has much to do with small business failures. It does help US exporters...
...because you never know - until you do!
NFP is a make believe event if it dips hard after the numbers stocks rally after or it just explodes higher at the off as soon as the numbers come out. Regular as clockwork.
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