Private Payrolls Rose by 344,000 in November, Beating Expectations

iluvatar5150 · Dec 1, 2021

November private payrolls rose by 534,000 topping expectations: ADP

U.S. private employers brought back more jobs than expected in November, with companies gradually filling widespread vacancies as the economic recovery moved further along.

Private payrolls grew by 534,000 in November compared to October, ADP said in its closely watched monthly report. Consensus economists were looking for private payrolls to rise by 525,000, according to Bloomberg data. Private payrolls had grown by 570,000 in October, according to ADP's revised monthly figure.

The services sector added back 424,000 payrolls last month, contributing to most of the headline gain in ADP's report. Within services, leisure and hospitality employers added another 136,000 jobs on net, with some of the industries most deeply impacted by the pandemic last year recovering further. Professional and business services employers added back 110,000 payrolls, and trade, transportation and utilities employers brought back 78,000. Within the goods-producing sector, both manufacturing and construction employers saw jobs grow by at least 50,000.

Thanks, Obama!

cow451 · Dec 1, 2021

Terrible economy. People standing in soup lines because the fast food places are closing early. Sad. Nobody wants to work cheap.

Hammster · Dec 3, 2021

November jobs report is a bust with only 210,000 jobs added - Hiring was a bust in November, even before omicron, with 210,000 jobs added

rambot · Dec 3, 2021

Hammster said:
November jobs report is a bust with only 210,000 jobs added - Hiring was a bust in November, even before omicron, with 210,000 jobs added

Yeah...sounds pretty terrible. How were things going before that?

Hammster · Dec 3, 2021

rambot said:
Yeah...sounds pretty terrible. How were things going before that?

Before what? How far back are we going?

rambot · Dec 3, 2021

Hammster said:
Before what? How far back are we going?

What has been the trend for, say the last 6 months?

Hammster · Dec 3, 2021

rambot said:
What has been the trend for, say the last 6 months?

Spotty.

rambot · Dec 3, 2021

Hammster said:
Spotty.

Despite what YOUR article said? Seems a selective reading of your own source...

Hammster · Dec 3, 2021

rambot said:
Despite what YOUR article said? Seems a selective reading of your own source...

No selective reading on my part. There have been months where job growth was good, and months where it wasn’t.

rambot · Dec 3, 2021

Hammster said:
No selective reading on my part. There have been months where job growth was good, and months where it wasn’t.

What does your article say?

Hammster · Dec 3, 2021

rambot said:
What does your article say?

You seem to have a point. Just get to it.

Albion · Dec 3, 2021

Hammster said:
November jobs report is a bust with only 210,000 jobs added - Hiring was a bust in November, even before omicron, with 210,000 jobs added

Correct. And not only does the 210,000 represent another disastrous month in employment, but the number of jobs that had been anticipated was 545,000--more than twice the total of those actually hired..

rambot · Dec 3, 2021

Hammster said:
You seem to have a point. Just get to it.

1) Either you didn't read your article (That clearly shows consistent job growth)
2) Your definition of "spotty" and "good" seem inconsistent.

Hammster · Dec 3, 2021

rambot said:
1) Either you didn't read your article (That clearly shows consistent job growth)
2) Your definition of "spotty" and "good" seem inconsistent.

It’s not about consistent. It’s about meeting expectations. That has been spotty.

cow451 · Dec 4, 2021

Hammster said:
It’s not about consistent. It’s about meeting expectations. That has been spotty.

Biggest one year drop in unemployment in US history. How disappointing, LOL.

rambot · Dec 4, 2021

Hammster said:
It’s not about consistent. It’s about meeting expectations. That has been spotty.

Iowa, it's about not acknowledging gains by Biden in any way.

I don't even like the guy but I don't pretend it isn't improving.

Hammster · Dec 4, 2021

cow451 said:
Biggest one year drop in unemployment in US history. How disappointing, LOL.

Are you following this discussion at all?

Hammster · Dec 4, 2021

rambot said:
Iowa, it's about not acknowledging gains by Biden in any way.

I don't even like the guy but I don't pretend it isn't improving.

Again, it’s about expectations. If my wife was expecting diamond earrings for Christmas, and I gave her cubic zirconia, you’d say that at least I got her earrings.

cow451 · Dec 4, 2021

Hammster said:
Are you following this discussion at all?

Job numbers and unemployment aren’t related?

Hammster · Dec 4, 2021

cow451 said:
Job numbers and unemployment aren’t related?

Yes they are. My question still remains, though.

Private Payrolls Rose by 344,000 in November, Beating Expectations

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