Private sector adds almost 200,000 jobs in January

Discussion in 'Economy' started by Bfgrn, Feb 3, 2011.

  1. Bfgrn
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    Bfgrn Gold Member

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    The ADP National Employment Report

    January 2011 Report

    Private-sector employment increased by 187,000 from December to January on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated change of employment from November to December was revised down by 50,000 to 247,000 from the previously reported increase of 297,000. This month’s ADP National Employment Report suggests solid growth of private nonfarm payroll employment heading into the New Year. The recent pattern of rising employment gains since the middle of last year appears to be intact, as the average gain over December and January (217,000) is well above the average gain over the prior six months (52,000). Strength was evident within all major industries and across all size business tracked in the ADP Report.

    "Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy."
    Edmund Burke
     
  2. driveby
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    driveby Gold Member

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    Three cheers for Jesus .......
     
  3. pinqy
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    pinqy Gold Member

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    The ADP report has been way off recently. Wait until tomorrow for the gov't numbers.
     

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