Private sector hiring falls to 18-month low, and manufacturing sheds jobs, ADP says

[mahatmakanejeeves]

Source: MarketWatch

Private sector hiring falls to 18-month low, and manufacturing sheds jobs, ADP says

Published: Apr 3, 2019 10:26 a.m. ET

Unemployment could begin to rise, the economist behind the report warns

By ANDREA RIQUIER

The numbers: Employers in the private sector hired 129,000 workers in March, payroll processor ADP said Wednesday. That was the weakest showing in 18 months and missed the consensus among economists surveyed by Econoday for job gains of 165,000.

What happened: "The job market is weakening," Moody's Analytics Chief Economist Mark Zandi said. Still, February figures were raised by 14,000 jobs.

In March, small businesses added just 6,000 jobs, medium-size firms added 63,000, and large employers hired 60,000 workers. All of the gains were in the service sectors: goods-producers lost 6,000 jobs.

"The economy is struggling with fading fiscal stimulus, the trade uncertainty, and the lagged impact of Fed tightening," Zandi added. "If employment growth weakens much further, unemployment will begin to rise."

Read more: https://www.marketwatch.com/story/private-sector-hiring-falls-to-18-month-low-and-manufacturing-sheds-jobs-adp-says-2019-04-03

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I forgot all about posting this this morning. I'll edit later.

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ADP National Employment Report: Private Sector Employment Increased by 129,000 Jobs in March

http://adpemploymentreport.com/2019/March/NER/NER-March-2019.aspx

Total Employment
Change in Nonfarm Private Employment



[CHART] Change in Nonfarm Private Employment

Total Employment
Change in Total Nonfarm Private Employment



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

Total Employment
Change in Total Nonfarm Private Employment by Company Size



[CHART] Change in Total Nonfarm Private Employment by Company Size

[California_Republic]

1. Last night at CVS

The woman in front of me was happy to see a cashier she hadn’t seen in a long time. She asked where the cashier has been. The cashier said they’re cutting her hours, cutting everyone’s hours that sales were slow all over. Said she has another part-time job at target and the same was happening there.

[IronLionZion]

2. Trump built up a strong winning economy for us and Obama came in and destroyed it

Trumpsters will have some excuse for this, or blame immigrants

[Wellstone ruled]

3. Bet three fourths of those Jobs

were in California. Just like the Month before. Facts matter,progressive States once again saving the butt of the USA.

[mahatmakanejeeves]

4. 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 February 2019:

U.S. adds meager 20,000 jobs in February to mark smallest increase in 17 months

ADP^® (Automatic Data Processing), for employment in February 2019:

ADP National Employment Report: Private Sector Employment Increased by 183,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2019:

U.S. creates 304,000 jobs in January, unemployment rises to 4%

ADP^® (Automatic Data Processing), for employment in January 2019:

U.S. added 213,000 private-sector jobs in January, ADP says

Bureau of Labor Statistics, for employment in December 2018:

Payroll employment increases by 312,000 in December; unemployment rate rises to 3.9%

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

U.S. adds most private-sector jobs in almost 2 years, says ADP

Bureau of Labor Statistics, for employment in November 2018:

Payroll employment increases by 155,000 in November; unemployment rate unchanged at 3.7%

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

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

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