New jobs report out, showing close to 15,000 jobs on a weekly basis. Reports that the economy isn't doing well seem rather ludicrous at this point. Looks like the naysayers lost this argument. Rather glowing report from CNBC?
Private sector employers added an average 14,250 jobs per week over the past four weeks, according to new preliminary data being released by ADP, a turnaround from the negative September numbers.
Stepping into the void created by the government shutdown, ADP will now release a four-week average weekly change in employment with a two-week lag every Tuesday. Today’s number is the four-week average ended Oct. 11.
“ADP’s near real-time employment data, released weekly, will now provide an even clearer picture of the labor market at this critical time for the economy ... providing a dynamic view of job creation and loss at an unprecedented level of weekly detail,” said Nela Richardson, chief economist at ADP.
Private sector created nearly 15,000 jobs a week over the past month, preliminary ADP data shows
Private sector employers added an average 14,250 jobs per week over the past four weeks, according to new preliminary data being released by ADP, a turnaround from the negative September numbers.
Stepping into the void created by the government shutdown, ADP will now release a four-week average weekly change in employment with a two-week lag every Tuesday. Today’s number is the four-week average ended Oct. 11.
“ADP’s near real-time employment data, released weekly, will now provide an even clearer picture of the labor market at this critical time for the economy ... providing a dynamic view of job creation and loss at an unprecedented level of weekly detail,” said Nela Richardson, chief economist at ADP.