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ADP Employment Report Disappoints With 147,000 Private Sector Jobs

ADP's proprietary private payrolls jobs report gives a monthly gain of 147,000 private sector jobs for October 2016.  The reason was a loss of 15,000 construction jobs as well as manufacturing and education.  September's ADP report was revised upward significantly, from 154,000 to 202,000.  Overall, it is possible this report indicates the pace of job growth is slowing, rarely a good thing.

JOLTS Shows Job Openings Don't Necessarily Mean Hiring

The BLS August 2016 JOLTS report shows once again job openings exceeding the number of hires.  While the number of openings declined for the month, the number of hires stayed below it.  The Job Openings and Labor Turnover Survey history clearly has hires exceeding openings as a trend since February 2015.  For August, job openings were 5.4 million while hires were 5.2 million.

ADP Employment Report Shows 179,000 Private Sector Jobs for July

ADP's proprietary private payrolls jobs report gives a monthly gain of 179,000 private sector jobs for July 2016.  This is less than the 12 month ADP private sector average and about the same as June.  All of the job gains were in the service sectors whereas the goods producing jobs were lost.  The largest gains were in professional and business services with construction jobs contracting.

April JOLTS Shows Job Openings Strong While Hiring Slides

The BLS April 2016 JOLTS report shows job openings once again matching their July 2015 record high.  Actual hiring though slid and openings now far exceed the number of people hired.  The Job Openings and Labor Turnover Survey history shows a new trend as job openings have surpassed actual hiring and this has been going on since February 2015.

JOLTS Shows Job Hiring Strong

The BLS February 2016 JOLTS report shows very high job openings once again.  Job openings have more than recovered from the recession and now job openings are greater than the number of new hires.  Actual hiring has also reached prerecession levels and is at a nine year high.  The Job Openings and Labor Turnover Survey shows there are now 1.4 official unemployed per job opening for February 2016.

The ADP Employment Report Defies Recent Economic Trends

ADP's proprietary private payrolls jobs report gives a monthly gain of 182,000 private sector jobs for October 2015.  Manufacturing jobs though are not good with another -2,000 reported lost.  Construction on the other hand really grew with 35,000 jobs gained.  The goods sector overall had the best month since last January.

Job Openings at Record, Hires Not So Much

The BLS JOLTS report shows once again record high job openings.  While Wall Street cheers and proclaims the long bad jobs market over, not so fast.  Actual hiring still has not recovered to even the 2007 prerecession levels.  The Job Openings and Labor Turnover Survey shows there are 1.4 official unemployed per job opening for July 2015.

ADP Employment Report Shows Bad News for Manufacturing

ADP's proprietary private payrolls jobs report gives us another stunted employment preview by reporting a monthly gain of 169,000 private sector jobs for April 2015.  Manufacturing jobs are truly a bad omen with 10,000 reported lost.  Construction on the other hand is still in recovery with 23,000 April jobs gained.

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