Thread: ADP Employment Change

Companies unexpectedly cut 301,000 jobs in January as omicron slams labor market, ADP says

Private payrolls fell by 301,000 for January versus the estimate for a 200,000 gain, according to payrolls processing firm ADP.

This was the first reported net job less since December 2020 and came as surging omicron cases hit hiring.

The pandemic-sensitive leisure and hospitality industry was the hardest hit, losing 154,000 jobs.

https://www.cnbc.com/2022/02/02/adp-...uary-2022.html

Good news is bad news and this good news for the economy is sending stocks lower this morning...


Businesses added 208,000 jobs in September, better than expected, ADP reports

Businesses added 208,000 jobs for the month, better than the 200,000 Dow Jones estimate and ahead of the upwardly revised 185,000 in August, according to ADP.

Trade, transportation and utilities saw a jobs gain of 147,000, while professional and business services and education and health services also posted large increases.

https://www.cnbc.com/2022/10/05/adp-...mber-2022.html

The Fed effect...

Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports

Private companies added just 127,000 positions for the month, a steep reduction from the 239,000 in October and well below the 190,000 estimate.

Leisure and hospitality saw an increase of 224,000, but that was offset by losses in manufacturing, professional and business services, financial activities, and information services.

https://www.cnbc.com/2022/11/30/priv...p-reports.html

Private payroll growth surged by 235,000 in December, well above estimate, ADP reports

Private payrolls in December rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate, according to ADP.

The big data surprise comes despite the Federal Reserve’s attempts to slow a sizzling jobs market.

Service providers added 213,000, led by leisure and hospitality, which added 123,000 positions. Professional and business services grew by 52,000, while education and health services added 42,000.

Trade, transportation and utilities saw a job loss of 24,000 on the month, while natural resources and mining declined 14,000 and financial activities dropped by 12,000.

https://www.cnbc.com/2023/01/05/adp-...mber-2022.html

• Private sector hiring rose by just 145,000 in March, down from 261,000 in February and below the estimate for 210,000.
• Financial activities lost 51,000 jobs and professional and business services fell by 46,000.
• Leisure and hospitality added another 98,000 workers, trade transportation and utilities grew by 56,000 and construction rose by 53,000.

https://www.cnbc.com/2023/04/05/adp-march-2023.html

Private sector companies added 497,000 jobs in June, more than double expectations, ADP says

Private sector jobs surged by 497,000 in June, well ahead of the 267,000 gain in May and much better than the 220,000 estimate.

Leisure and hospitality led with 232,000 new hires, followed by construction with 97,000, and trade, transportation and utilities at 90,000.

The unexpected jump in payrolls comes despite more than a year’s worth of Federal Reserve interest rate increases.

https://www.cnbc.com/2023/07/06/adp-...s-in-june.html

U.S. job growth slowed sharply to 177,000 in August, below expectations, ADP says Source: CNBC Job creation in the United States slowed more than expected in August, according to ADP, a sign that the surprisingly resilient U.S. economy might be starting to ease under pressure from higher interest rates. The firm reported Wednesday that private employers added 177,000 jobs in August, well below the revised total of 371,000 jobs added in July. Economists surveyed by Dow Jones were expecting 200,000 jobs added in August. ADP also reported that pay growth slowed for workers who changed jobs and those who stayed in their current positions. “This month’s numbers are consistent with the pace of job creation before the pandemic,” Nela Richardson, chief economist at ADP, said in a press release. “After two years of exceptional gains tied to the recovery, we’re moving toward more sustainable growth in pay and employment as the economic effects of the pandemic recede.” Read more: https://www.cnbc.com/2023/08/30/us-j...-adp-says.html

Softening- looks like the slow and steady rate rise is kicking in to slow down job growth.

Yields, oil, and the dollar are dipping on this...


Private payrolls rose 89,000 in September, far below expectations, ADP says

ADP reported that private job growth totaled just 89,000 for the month, down from an upwardly revised 180,000 in August and below the 160,000 estimate from Dow Jones.

Job gains came almost exclusively from services, which contributed 81,000 to the total.

The report comes a day after the Labor Department said job openings unexpectedly rose sharply in August.

https://www.cnbc.com/2023/10/04/priv...-adp-says.html

Private payrolls increased by 103,000 in November, below expectations, ADP says

Private payrolls grew by 103,000 workers in November, below the downwardly revised 106,000 in October and the 128,000 Dow Jones estimate.

After leading job creation for most of the period since Covid hit in early 2020, leisure and hospitality recorded a loss of 7,000 jobs.

Services-related industries provided all the job gains for the month, as goods producers saw a net loss of 14,000.

ADP National Employment Report: November 2023

Private payroll growth slowed to just 107,000 in January, below expectations, ADP reports

Companies added 107,000 workers in the first month of 2024, off from the downwardly revised 158,000 in December, ADP reported Wednesday.

Leisure and hospitality reported the biggest increase, with an addition of 28,000 workers, while trade, transportation and utilities added 23,000, and construction rose by 22,000.

The release comes two days ahead of the Labor Department’s nonfarm payrolls report, which is expected to show growth of 185,000.

ADP jobs report January 2024: