118,000 New Private Sector Jobs in November Would Have Been 204,000 If Not For Hurricane Sandy

Mark Zandi, chief economist of Moody’s Analytics

Private sector employment increased by 118,000 jobs from October to November, according to the November ADP National Employment Report®, which is produced by Automatic Data Processing, Inc. (ADP®), a leading provider of human capital management solutions, 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. The October 2012 report, which reported job gains of 158,000, was revised down by 1,000 to 157,000 jobs.

Goods-producing employment rose by 4,000 jobs in November as gains in construction jobs of 23,000 more than offset the 16,000 decline in manufacturing employment. Continue Reading

Good Job Report News: Private Sector Added 158,000 Jobs in October

Mark Zandi, chief economist of Moody’s Analytics

Private sector employment increased by 158,000 jobs from September to October, according to the October ADP National Employment Report, which is produced by Automatic Data Processing, Inc. (ADP) 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. Continue Reading

Private Sector Employment Up 176,000 in June

Although the U.S. Department of Labor Statistics reported today that only 80,000 jobs were created in June, employment in the U.S. nonfarm private business sector actually increased by 176,000 from May to June, on a seasonally adjusted basis. The estimated gain from April to May was revised up slightly, from the initial estimate of 133,000 to a revised estimate of 136,000. So why the difference? Government agencies — especially state and local — are shedding employees almost as fast as private sector employers are hiring them.

Employment in the private, service-providing sector rose 160,000 in June, after rising a revised 137,000 in May. Employment in the private, goods-producing sector added 16,000 jobs in June. Manufacturing employment added 4,000, reversing May’s decline. Continue Reading