Tuesday , January 26 2021
Home / Calculated Risk / ADP: Private Employment increased 307,000 in November

ADP: Private Employment increased 307,000 in November

Summary:
From ADP: Private sector employment increased by 307,000 jobs from October to November according to the Novembe ADP National Employment Report®. ... 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. “While November saw employment gains, the pace continues to slow,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Job growth remained positive across all industries and sizes.”emphasis addedThis was below the consensus forecast for 420 thousand private sector jobs added in the ADP report.The BLS report will be released Friday, and the consensus is for 500 thousand non-farm payroll jobs added in November. Of course the ADP report has not been very useful

Topics:
Calculated Risk considers the following as important:

This could be interesting, too:

Mike Shedlock writes Is Trump Guilty of Inciting an Insurrection Against the United States?

Jeffrey P. Snider writes Xi To Davos: If You’re Waiting For Us, We’re Waiting For You

Doug Short writes World Markets Update: January 25, 2021

Mike Shedlock writes 2.7 Million People Continually Postpone Their Mortgage Payments

From ADP:
Private sector employment increased by 307,000 jobs from October to November according to the Novembe ADP National Employment Report®. ... 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.

“While November saw employment gains, the pace continues to slow,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Job growth remained positive across all industries and sizes.”
emphasis added
This was below the consensus forecast for 420 thousand private sector jobs added in the ADP report.

The BLS report will be released Friday, and the consensus is for 500 thousand non-farm payroll jobs added in November. Of course the ADP report has not been very useful in predicting the BLS report.

Leave a Reply

Your email address will not be published. Required fields are marked *