Private hiring slows in December, jobs market still solid

[mahatmakanejeeves]

Last edited Fri Jan 6, 2017, 09:45 AM - Edit history (2)

Source: Reuters

Private sector adds 153000 jobs in December: ADP
Reuters-46 minutes ago

Business News Thu Jan 5, 2017 9:07am EST

Private hiring slows in December, jobs market still solid

U.S. private employers added 153,000 jobs in December, fewer than in November, but the labor market remained solid, a report by a payrolls processor showed on Thursday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 170,000 jobs, with estimates ranging from 140,000 to 200,000.

Private payroll gains in the month earlier were revised down to 215,000 from an originally reported 216,000 increase.
....

Private industries produced a monthly average of 174,000 jobs in 2016, slower than a 209,000 monthly pace in 2015, according to ADP.


Read more: http://www.reuters.com/article/us-usa-economy-adp-idUSKBN14P1HF

---

Here's the link to TWSJ. too. There will be a paywall, unless you go in via Google News.

>>>>>>
Private-Sector Payroll Growth Reflects Tightening Labor Market
http://www.wsj.com/articles/private-sector-payroll-growth-reflects-tightening-labor-market-1483624375

ADP reports says private payrolls rose by 153,000, below expectations

By Joshua Jamerson

[e-mail]
@joshjame
https://twitter.com/joshjame

Jan. 5, 2017 8:52 a.m. ET

Private-sector hiring slowed in December, according to a report Thursday, underscoring a tightening in the labor force amid near full employment.

Private payrolls across the nation rose by 153,000 from November to December, said payroll processor Automatic Data Processing Inc. and forecasting firm Moodys Analytics. This was less than the 168,000 expected by economists polled by The Wall Street Journal.
>>>>>>

Previously at DU:

Unemployment rate declines to 4.6% in November; payroll employment increases by 178,000http://www.democraticunderground.com/10141629568

Payroll employment rises by 161,000 in October; unemployment rate changes little (4.9%)
http://www.democraticunderground.com/10141615960

Payroll employment increases by 156,000 in September; unemployment rate little changed...
http://www.democraticunderground.com/10141590296

Payroll employment increases by 151,000 in August; unemployment rate unchanged at 4.9%
http://www.democraticunderground.com/10141564165

[PatSeg]

1. "Thank you Donald"

How long before he takes credit for this?

[ananda]

2. LOL, I know.

The man is shameless.

[PatSeg]

3. I've never seen anything quite like it

in real life. It is like living in a cartoon.

[DK504]

4. So we have near complete employment

in our country, when has that ever happened. But Obama baaddddd.

What a bunch of morons.