325,000 private sector jobs added in December

[Chris]

(Reuters) - Private employers added 325,000 jobs in December, easily beating economists' expectations, a report by a payrolls processor showed on Thursday.

New claims for unemployment benefits fell by 15,000 last week in the latest sign the labor market was improving and could help the country resist the effects of a likely euro zone recession.

Instant view: Private sector jobs up 325,000; claims fall | Reuters

 

[LilOlLady]

RRWE worse nightmare.

 

[Claudette]

Lets see if it continues.

I hope it does.

 

[Steelplate]

Good news... however, we must be kind of cautious. A lot of December hiring is probably just extra help for Christmas.

 

[Conservative]

(Reuters) - Private employers added 325,000 jobs in December, easily beating economists' expectations, a report by a payrolls processor showed on Thursday.

New claims for unemployment benefits fell by 15,000 last week in the latest sign the labor market was improving and could help the country resist the effects of a likely euro zone recession.

Instant view: Private sector jobs up 325,000; claims fall | Reuters

From Chris's link...

"ADP really outshot expectations this morning. The only issue is the same thing kind of happened last year in December. ADP really overshot and then the payrolls number failed to keep up, so people have to be really cautious of being overly optimistic, and that's why I think Treasuries haven't sold off more this morning. And jobless claims, continuing claims, there was an upward revision. Just a lot of mixed messages at this point and everyone is on hold in front of payrolls."

"Given that we are in the holiday season when claims data is more volatile than normal it is best to look at the 4 week average to make conclusions. Seasonal adjustments are large, with the latest data showing initial claims up by 37k and continuing claims up by 151k before seasonal adjustment.

Some caution is required, though: Last December, ADP's called for a gain of 297k, far exceeding the BLS private payrolls report of just 113k, on what was chalked up to a year-end fluke in ADP's methodology.

 

[Truthmatters]

the numbers are seasonally ajusted

 

[Conservative]

the numbers are seasonally ajusted

For you, since you missed 'ignored' it...

"Given that we are in the holiday season when claims data is more volatile than normal it is best to look at the 4 week average to make conclusions. Seasonal adjustments are large, with the latest data showing initial claims up by 37k and continuing claims up by 151k before seasonal adjustment.