U.S. adds 179,000 private-sector jobs in November: ADP

[mahatmakanejeeves]

Source: MarketWatch

U.S. adds 179,000 private-sector jobs in November: ADP

Published: Dec 6, 2018 9:04 a.m. ET

Data on jobs was in line with economist estimates

By GREG ROBB
SENIOR ECONOMICS REPORTER

The numbers: Private-sector employment stayed strong in November, as employers added 179,000 jobs, payrolls processor Automatic Data Processing Inc. reported Thursday. The gain was in line with forecasts from economists polled by Econoday. October's gain was revised slightly to show 225,000 growth instead of a previously estimated 227,000.

What happened: Details of ADP's report showed that small firms added 46,000 jobs in November, medium-size businesses added 119,000 and large companies added 13,000.

Job growth was service-sector led, as the professional and business sector added 59,000 jobs, education and health added 49,000 positions and leisure and hospitality added 26,000 jobs. ... There were 10,000 new construction jobs and 4,000 new manufacturing jobs, ADP said.

Big picture: The labor market has been strong this year. Economists use ADP's data to get a feeling for the Labor Department's employment report, which will be released Friday and covers government jobs in addition to the private sector.

Read more: https://www.marketwatch.com/story/us-adds-179000-private-sector-jobs-in-november-adp-2018-12-06

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The release was delayed a day, because the markets were closed yesterday.

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https://www.adpemploymentreport.com/2018/November/NER/NER-November-2018.aspx

ADP National Employment Report
November 2018
ADP National Employment Report: Private Sector Employment Increased by 179,000 Jobs in November

Private-sector employment increased by 179,000 from October to November, on a seasonally adjusted basis.
....

Total Employment
Change in Nonfarm Private Employment



[CHART] Change in Nonfarm Private Employment

Historical Trend
Change in Total Nonfarm Private Employment



[CHART] Historical Trend - Change in Total Nonfarm Private Employment

-- -- -- --

https://www.adpemploymentreport.com/2018/November/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-November2018-Final-Press-Release.pdf

ADP National Employment Report: Private Sector Employment Increased by 179,000 Jobs in November

ROSELAND, N.J. - December 6, 2018 - Private sector employment increased by 179,000 jobs from October to November according to the November ADP National Employment Report. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute in collaboration with Moody's Analytics. 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.
....

[beachbum bob]

1. if little wage growth then more jobs not helping working americans at all

[Iliyah]

2. Many workers are working more than one job just to

survive. The cost of living is rising.

[beachbum bob]

3. yep, many retirees can't afford being retired and they are working part time jobs as well

[watoos]

7. Cost of living went up 2.8%

I know because I'm getting a 2.8% increase in my Social Security next year.

[beachbum bob]

12. cost of living went up alot more than 2.8% thats only a number they use

[Recursion]

10. Fewer than in the past

https://www.bls.gov/opub/ted/2018/4-point-9-percent-of-workers-held-more-than-one-job-at-the-same-time-in-2017.htm?view_full

It's becoming less common over time for workers to have more than one job.

[Mr.Bill]

4. Reminds me of a story, or joke if you will.

When Rick Perry was Governor of Texas, a businessman was having breakfast at a diner in Dallas. He told his waitress that Governor Perry had created more jobs than any other Governor in the country. She said "I know, I've got three of them".

[Recursion]

9. We've had four years of record wage growth, concentrated on the poorest 20% (nt)

[LogicFirst]

5. Jobs Lost

How many jobs were lost on November? Tell GM employees how easy it's going to be to get another job.

[mahatmakanejeeves]

6. You need JOLTS for that information. The newest one available is for September.

October's report will be released next week.

BLS Report: Job openings decrease to 7.0 million; hires and separations little changed in September

People come; people go.

JOLTS -- the Job Openings and Labor Turnover Survey. It comes out a few days after the monthly payroll employment report.

Job openings decrease to 7.0 million; hires and separations little changed in September

Economic News Release USDL-18-1785

Job Openings and Labor Turnover Summary

For release 10:00 a.m. (EST) Tuesday, November 6, 2018

Technical information: [phone] • [e-mail] • www.bls.gov/jlt
Media contact: [phone] • [e-mail]

JOB OPENINGS AND LABOR TURNOVER – SEPTEMBER 2018

The number of job openings decreased to 7.0 million on the last business day of September, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were both little changed at 5.7 million. Within separations, the quits rate was unchanged at 2.4 percent and the layoffs and discharges rate was little changed at 1.1 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions.

Job Openings

On the last business day of September, the job openings level fell to 7.0 million (-284,000), after reaching a revised series high of 7.3 million in August. The job openings rate was 4.5 percent in September. The number of job openings edged down for total private (-188,000) and fell in government (-96,000). Job openings increased in health care and social assistance (+71,000). The number of job openings decreased in many industries, with the largest decreases in professional and business services (-118,000), finance and insurance (-82,000), and state and local government, excluding education (-67,000). Job openings decreased in the South region. (See table 1.)

Hires

The number of hires in September was little changed at 5.7 million, after reaching a revised series high of 5.9 million in August. The hires rate was 3.8 percent in September. The number of hires was little changed for total private and for government. Hires were little changed in all industries. Hires decreased in the West region. (See table 2.)

Separations

Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm.

The number of total separations was little changed at 5.7 million in September. The total separations rate was 3.8 percent. The number of total separations was little changed for total private and edged down for government (-28,000). Total separations decreased in state and local government education (-21,000). The number of total separations decreased in the West region. (See table 3.)

The number of quits was little changed in September at 3.6 million. The quits rate was 2.4 percent. The number of quits was little changed for total private and for government. Quits increased in educational services (+15,000), but decreased in transportation, warehousing, and utilities (-20,000) and state and local government education (-10,000). The number of quits decreased in the West region. (See table 4.)

The number of layoffs and discharges was little changed in September at 1.7 million. The layoffs and discharges rate was 1.1 percent. The number of layoffs and discharges was little changed for total private and edged down for government (-19,000). The number of layoffs and discharges was little changed in all industries and regions. (See table 5.)

The number of other separations was little changed in September at 365,000. The other separations level was little changed for total private and for government. Other separations increased in professional and business services (+22,000), but decreased in state and local government education (-7,000). The number of other separations increased in the Midwest region. (See table 6.)

Net Change in Employment

Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising. Over the 12 months ending in September, hires totaled 67.5 million and separations totaled 65.1 million, yielding a net employment gain of 2.5 million. These totals include workers who may have been hired and separated more than once during the year.

____________
The Job Openings and Labor Turnover Survey results for October 2018 are scheduled to be released on Monday, December 10, 2018 at 10:00 a.m. (EST).

* * * * *

[center]Facilities for Sensory Impaired[/center]

Information from these releases will be made available to sensory impaired individuals upon request. Voice phone: [phone], Federal Relay Services: 1-800-877-8339.

[mahatmakanejeeves]

13. I can now do that for October 2018.

BLS Report: Job openings little changed at 7.1 million; hires edge up in October

People come; people go.

JOLTS -- the Job Openings and Labor Turnover Survey. It comes out a few days after the monthly payroll employment report.

Job openings little changed at 7.1 million; hires edge up in October

Economic News Release USDL-18-1936
Job Openings and Labor Turnover Summary

For release 10:00 a.m. (EST) Monday, December 10, 2018

Technical information: [phone] • [e-mail] • www.bls.gov/jlt
Media contact: [phone] • [e-mail]

JOB OPENINGS AND LABOR TURNOVER – OCTOBER 2018

The number of job openings was little changed at 7.1 million on the last business day of October, the U.S. Bureau of Labor Statistics reported today. Over the month, hires edged up to 5.9 million, and separations were little changed at 5.6 million. Within separations, the quits rate was little changed at 2.3 percent and the layoffs and discharges rate was unchanged at 1.1 percent. This release includes estimates of the number and rate of job openings, hires, and separations for the nonfarm sector by industry and by four geographic regions.

Job Openings

On the last business day of October, the job openings level was little changed at 7.1 million. The job openings rate was 4.5 percent in October. The number of job openings was little changed for total private and for government. Job openings increased in information (+45,000), real estate and rental and leasing (+38,000), educational services (+20,000), and state and local government education (+17,000). The number of job openings decreased in state and local government, excluding education (-38,000) and transportation, warehousing, and utilities (-33,000). Job openings were little changed in all four regions. (See table 1.)

Hires

The number of hires edged up to 5.9 million (+196,000) in October, nearly matching its series high in August. The hires rate was 3.9 percent in October. The number of hires was little changed for total private and for government. Hires increased in transportation, warehousing, and utilities (+90,000) and durable goods manufacturing (+43,000), but decreased in mining and logging (-11,000). The number of hires was little changed in all four regions. (See table 2.)

Separations

Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm.

The number of total separations was little changed at 5.6 million in October. The total separations rate was 3.7 percent. The number of total separations was little changed for total private and for government. Total separations increased in transportation, warehousing, and utilities (+37,000). The number of total separations was little changed in all four regions. (See table 3.)

The number of quits was little changed in October at 3.5 million. The quits rate was 2.3 percent. The number of quits was little changed for total private and unchanged for government. Quits increased in health care and social assistance (+33,000), transportation, warehousing, and utilities (+30,000), and educational services (+12,000). The number of quits decreased in other services (-39,000). Quits decreased in the Northeast region. (See table 4.)

The number of layoffs and discharges was little changed in October at 1.7 million. The layoffs and discharges rate was 1.1 percent. The number of layoffs and discharges was little changed for total private and for government. The number of layoffs and discharges was little changed in all industries and regions. (See table 5.)

The number of other separations was little changed in October at 351,000. The other separations level was little changed for total private and for government. Other separations increased in construction (+18,000). The number of other separations decreased in a number of industries, with the largest decreases in health care and social assistance (-17,000) and arts, entertainment, and recreation (-6,000). The number of other separations was little changed in all four regions. (See table 6.)

Net Change in Employment

Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining. Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising. Over the 12 months ending in October, hires totaled 67.8 million and separations totaled 65.3 million, yielding a net employment gain of 2.5 million. These totals include workers who may have been hired and separated more than once during the year.

____________
The Job Openings and Labor Turnover Survey results for November 2018 are scheduled to be released on Tuesday, January 8, 2019 at 10:00 a.m. (EST).

* * * * *

[center]Facilities for Sensory Impaired[/center]

Information from these releases will be made available to sensory impaired individuals upon request. Voice phone: [phone], Federal Relay Services: 1-800-877-8339.

[mahatmakanejeeves]

8. Links to earlier reports

[center]Past Performance is Not a Guarantee of Future Results.[/center]

Nonetheless, what is important is not this month's results, but the trend. Let’s look at some earlier numbers:

Bureau of Labor Statistics, for employment in October 2018:

The U.S. economy added 250,000 jobs in October, unemployment stays at 3.7 percent

ADP^® (Automatic Data Processing), for employment in October 2018:

ADP National Employment Report: Private Sector Employment Increased by 227,000 Jobs in October 2018:

Bureau of Labor Statistics, for employment in September 2018:

Unemployment rate declines to 3.7% in September; payroll employment increases by 134,000

ADP^® (Automatic Data Processing), for employment in September 2018:

U.S. adds 230,000 private-sector jobs in September: ADP

Bureau of Labor Statistics, for employment in August 2018:

U.S. Added 201,000 Jobs in August; Unemployment Rate Steady at 3.9%

ADP^® (Automatic Data Processing), for employment in August 2018:

U.S. Firms in August Added Fewest Workers in 10 Months, ADP Says

Bureau of Labor Statistics, for employment in July 2018:

Payroll employment increases by 157,000 in July; unemployment rate edges down to 3.9%

ADP^® (Automatic Data Processing), for employment in July 2018:

ADP National Employment Report: Private Sector Employment Increased by 219,000 Jobs in July

Bureau of Labor Statistics, for employment in June 2018:

U.S. Added 213,000 Jobs in June; Unemployment Ticks Up to 4%

ADP^® (Automatic Data Processing), for employment in June 2018:

ADP National Employment Report: Private Sector Employment Increased by 177,000 Jobs in June

Bureau of Labor Statistics, for employment in May 2018:

U.S. economy extends its hiring spree, with a better than expected 223,000 new jobs in May

ADP^® (Automatic Data Processing), for employment in April 2018:

U.S. adds 204,000 private-sector jobs in April, ADP report shows

Bureau of Labor Statistics, for employment in March 2018:

Payroll employment edges up by 103,000 in March; unemployment rate unchanged at 4.1%

ADP^® (Automatic Data Processing), for employment in March 2018:

Manufacturing Industry Has Strongest Jobs Increase in Three Years

Bureau of Labor Statistics, for employment in February 2018:

Payroll employment increases by 313,000 in February; unemployment rate unchanged at 4.1%

ADP^® (Automatic Data Processing), for employment in February 2018:

ADP National Employment Report: Private Sector Employment Increased by 235,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2018:

Payroll employment increases by 200,000 in January; unemployment rate unchanged at 4.1%

ADP^® (Automatic Data Processing), for employment in January 2018:

U.S. Private Sector Added 234,000 Jobs in January

Bureau of Labor Statistics, for employment in December 2017:

Payroll employment increases by 148,000 in December; unemployment rate unchanged at 4.1%

ADP^® (Automatic Data Processing), for employment in December 2017:

U.S. private sector adds 250,000 jobs in December, biggest rise since March

Bureau of Labor Statistics, for employment in November 2017:

Payroll employment increases by 228,000 in November; unemployment rate unchanged at 4.1%

ADP^® (Automatic Data Processing), for employment in November 2017:

I didn't get around to it.

Bureau of Labor Statistics, for employment in October 2017:

Payroll employment rises by 261,000 in October; unemployment rate edges down to 4.1%

ADP^® (Automatic Data Processing), for employment in October 2017:

ADP says 235,000 private-sector jobs added in October

Bureau of Labor Statistics, for employment in September 2017:

Unemployment rate falls to 4.2% in September; payroll employment changes little (-33,000)

ADP^® (Automatic Data Processing), for employment in September 2017:

Companies Add Fewest U.S. Workers in Nearly a Year, ADP Says

[Ford_Prefect]

11. Rents keep climbing and income doesn't. We are living on rented money and borrowed time.

There is no metric for the value earned in all those new jobs versus cost of living change over the last 5-10 years. Many of the jobs lost in that time are not coming back. Service jobs at minimum wage or lower do not make up for production jobs at union rates sent to China or elsewhere.