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Wednesday, December 04, 2013

ADP: Private Employment increased 215,000 in November

by Calculated Risk on 12/04/2013 08:19:00 AM

From ADP:

Private sector employment increased by 215,000 jobs from October to November, according to the November 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.
...
Mark Zandi, chief economist of Moody’s Analytics, said, "The job market remained surprisingly resilient to the government shutdown and brinkmanship over the treasury debt limit. Employers across all industries and company sizes looked through the political battle in Washington. If anything, job growth appears to be picking up.”
This was above the consensus forecast for 185,000 private sector jobs added in the ADP report. 

Note: ADP hasn't been very useful in predicting the BLS report on a monthly basis. The BLS report for November will be released on Friday.