Friday, January 14, 2011

ADP December jobs report

ADP, the largest payroll processor in the United States, released its’ employment report on Wednesday, Jan 5th, 2011 which showed an increase of 297,000 jobs created between November and December. September showed a gain of 29,000; October gained 79,000 and November increased 92,000. Most of the increase, 270,000 jobs was in the service sector. ADP also provides data by firm size: Firms with more than 500 employees added 36,000 workers; firms with 50 to 499 employees added 144,000 and firms with fewer than 50 employees added 117,000.

There are some interesting points here.

One, how can the difference between the BLS and the ADP report be so large.

Two, The job growth is mostly in the middle sector.

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