Private-sector employment decreased by 27,000 from February to March, on a seasonally adjusted basis

[mahatmakanejeeves]

Source: ADP; Automatic Data Processing

Private-sector employment decreased by 27,000 from February to March, on a seasonally adjusted basis.

ADP National Employment Report: Private Sector Employment Decreased by 27,000 Jobs in March; the March NER Utilizes Data Through March 12 and Does Not Reflect the Full Impact of COVID-19 on the Overall Employment Situation

ROSELAND, N.J. - April 1, 2020 - Private sector employment decreased by 27,000 jobs from February to March according to the March ADP National Employment Report.

The report utilizes data through the 12th of the month. The NER uses the same time period the Bureau of Labor and Statistics uses for their survey. As such, the March NER does not reflect the full impact of COVID-19 on the overall employment situation.

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.

Total Employment
Change in Nonfarm Private Employment



Historical Trend
Change in Total Nonfarm Private Employment



Change By Company Size
Change in Total Nonfarm Private Employment by Company Size



Read more: http://www.adpemploymentreport.com/2020/March/NER/NER-March-2020.aspx

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Te press release is at http://www.adpemploymentreport.com/2020/March/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-March2020-Final-Press-Release.pdf

BLS will release its report for March employment on Friday.

Same Bat time, same Bat channel.

[beachbumbob]

1. didn't include the massive unemployment hit of last half of March, so a meaningless report

[mahatmakanejeeves]

2. From the report:

The report utilizes data through the 12th of the month. The NER uses the same time period the Bureau of Labor and Statistics uses for their survey. As such, the March NER does not reflect the full impact of COVID-19 on the overall employment situation.

[beachbumbob]

3. most people just see the headline

[progree]

4. "Economists polled by Reuters had forecast private payrolls falling by 150,000 jobs in March."

https://finance.yahoo.com/news/u-private-payrolls-post-first-122740853.html

So it's great news. Beat expectations! Libtard economists were expecting a drop of 150,000, but it dropped by only 27,000, a tiny fraction of a percent of the private labor force. Rah rah rah!

just in case

[mahatmakanejeeves]

5. "And we all know how painful a thing like that can be." NT

[mahatmakanejeeves]

6. Links to earlier reports:

Good morning, all.

Wed Mar 4, 2020: Links to earlier reports:

Friday, February 7, 2020: Links to earlier reports:

Thursday, January 9, 2020: Links to earlier reports:

Updated from this post of Friday, December 6, 2019: Good morning. 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 2020:

The U.S. labor market showed strength in February, adding 273,000 jobs

ADP^® (Automatic Data Processing), for employment in February 2020:

U.S. adds 183,000 private-sector jobs in February, ADP says

Bureau of Labor Statistics, for employment in January 2020:

The economy added 225,000 jobs in January, showing continued strength

ADP^® (Automatic Data Processing), for employment in January 2020:

ADP says 291,000 private-sector jobs created in January, largest gain in 4 years

Bureau of Labor Statistics, for employment in December 2019:

Economy adds 145,000 jobs in December as unemployment rate remains at 3.5 percent

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

U.S. private sector adds the most jobs in eight months

Bureau of Labor Statistics, for employment in November 2019:

Labor market remained strong in November as U.S. economy added 266,000 jobs

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

U.S. private sector job growth slows down sharply in November: ADP

Bureau of Labor Statistics, for employment in October 2019:

U.S. economy added 128,000 jobs in October as GM strike displaced workers; jobless rate ticks up

Bureau of Labor Statistics, for employment in September 2019:

U.S. economy added just 136,000 jobs in September, in fresh sign economy is cooling

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

ADP National Employment Report: Private Sector Employment Increased by 135,000 Jobs in September

Bureau of Labor Statistics, for employment in August 2019:

U.S. economy adds just 130,000 jobs in August amid worries

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

Survey: Businesses added a solid 195,000 jobs in August

Bureau of Labor Statistics, for employment in July 2019:

U.S. Added 164,000 Jobs in July; Unemployment Rate at 3.7 Percent

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

ADP says 156,000 private-sector jobs added created in July

Bureau of Labor Statistics, for employment in June 2019:

Hiring rebounds as U.S. economy adds 224,000 jobs in June;unemployment rate inched up to 3.7 percent

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

U.S. private sector hiring picks up less than expected in June: ADP

Bureau of Labor Statistics, for employment in May 2019:

The U.S. economy added only 75,000 jobs in May amid bite from Trump's trade war

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

ADP private-sector job growth tumbles to a 9-year low in May

Bureau of Labor Statistics, for employment in April 2019:

UPDATE: U.S. unemployment fell to 3.6 percent, lowest since 1969

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

ADP National Employment Report: Private Sector Employment Increased by 275,000 Jobs in April

Bureau of Labor Statistics, for employment in March 2019:

UPDATE: U.S. added 196,000 jobs in March as economy shows signs of spring bounce

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

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

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