December private payrolls rose by 807,000, far exceeding expectations: ADP

[mahatmakanejeeves]

Source: Yahoo! Finance

Yahoo Finance

December private payrolls rose by 807,000, far exceeding expectations: ADP

Emily McCormick · Reporter
Wed, January 5, 2022, 8:15 AM · 3 min read

U.S. private employers added jobs at a much faster-than-anticipated rate in December, helping to alleviate some worker shortages as the tight U.S. labor market persisted.

The U.S. economy saw 807,000 private payrolls return in the final month of 2021, ADP said in its closely watched report on Wednesday. This compared to the 410,000 job gains consensus economists anticipated, based on Bloomberg data. Employers had brought back 505,000 jobs in November, according to ADP's revised estimate for that month.

Over the course of 2021, employers added back payrolls at a rate above historical trends, based on data from both ADP and the U.S. Labor Department, with the labor market regaining some lost ground after 2020's swift but severe recession amid the pandemic.

As many as 882,000 private payrolls came back in a single month in 2021 in May, ADP's data showed. But the rate of hiring has slowed in the months since, following an initial surge in hiring after vaccinations picked up in the U.S. last spring and stay-in-place orders eased.

{snip}

Read more: https://finance.yahoo.com/news/december-private-payrolls-adp-employment-labor-131559127.html

---

I did not find a placeholder article by Emily McCormick yesterday afternoon or this morning.

-- -- -- -- -- --

From the source:

Private-sector employment increased by 807,000 from November to December, on a seasonally adjusted basis

https://adpemploymentreport.com/2021/December/NER/NER-December-2021.aspx

https://adpemploymentreport.com/2021/December/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-December2021-Final-Press-Release.pdf

ADP National Employment Report: Private Sector Employment Increased by 807,000 Jobs in December

ROSELAND, N.J. - January 5, 2022 - Private sector employment increased by 807,000 jobs from November to December according to the December ADP National Employment ReportTM. 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 data of those who are on a company's payroll, 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

[Achilleaze]

1. "Lots of new jobs! Dems in disarray" - Corporate Media, Inc. (R)

Last edited Wed Jan 5, 2022, 10:19 AM - Edit history (1)

[mahatmakanejeeves]

2. Private-sector job growth surges in December: ADP

Economic Report

Private-sector job growth surges in December: ADP

Last Updated: Jan. 5, 2022 at 8:18 a.m. ET
First Published: Jan. 5, 2022 at 8:04 a.m. ET
By Greg Robb

Businesses add 807,000 jobs last month, much stronger than 375,000 expected

The numbers: Private payrolls rose by 807,000 in December, according to the ADP National Employment Report released Wednesday.

Economists polled by The Wall Street Journal had forecast a gain of 375,000 private sector jobs in December. The ADP report is produced with Moody’s Analytics.

Big picture: Economists use the ADP report to get an early read on the Labor Department’s report on private payrolls. But often the ADP has not been an accurate predictor. Economists polled by The Wall Street Journal forecast a total payroll gain of 432,000 jobs in December and that the unemployment rate will slip to 4.1% from 4.2%. The government’s data will be released Friday at 8:30 a.m. Eastern.

{snip}

[PatrickforB]

8. It will be interesting to see what the CES report says this Friday.

Because I was just looking at the JOLTS report that came out earlier this week - we've been looking at 'quits' by sector, and at any anomalies in seasonal patterns. For example, in Colorado, the number of September quits exceeded the August quits, particularly in public schools and healthcare.

I'm liking the 'Big Picture' comment at the end there. Frankly, I trust the BLS FAR MORE than Moody's.

[mahatmakanejeeves]

9. I had two threads at DU about JOLTS.

There was one in its usual place, in the Economy group, and one in LBN.

Tue Jan 4, 2022: BLS Report: November job openings decrease, total separations increase, and hires change little

Tue Jan 4, 2022: Job openings reach 10.6 million in November as tight labor market persists

I was surprised by the early release, but that's going to be the new schedule.

Happy New Year.

[IronLionZion]

3. See, Socialist policies are killing jobs

Nobody wants to work anymore because Biden and undocumented immigrants stole their jobs.

[gab13by13]

4. I have been saying for the past 3 months

that the right was pushing a bogus narrative that president Biden was failing. They even used bogus polls from Gallup to prove that president Biden was failing.

The fucking guy has been the best president I have seen in my lifetime.

Polling is used by the right for propaganda, including Gallup.

I listened to an msnbc anchor use this lead in when asking her question, "seeing as president Biden has no real accomplishments after his 1st year in office".......I just laughed. It was in the morning and I only watch 3 people on cable news and this is why.

[doc03]

5. We will see the weekly headline "An additional (number) filed for

unemployment benefits last week". But maybe twice as many found jobs the same week the MSM doesn't mention report that.

[Etherealoc1]

6. Let's see what the actual report on Friday would be

only to be revised upwards after the fact.

[RussBLib]

7. I reckon we will see some good wage growth

4 million quit jobs in November, and if we get a ton of jobs added, most likely those wages will be higher than the jobs where people quit.

Pretty good news all around. Now, put the T**** family and their gullible dupes in jail, big Dems gains in the midterms, and we will be over the moon. (and do something big on climate change! and voting rights! and abortion rights! shit, so much to be done)

[mahatmakanejeeves]

10. Links to earlier reports:

Sat Dec 4, 2021: Links to earlier reports:

Wed Dec 1, 2021: Links to additional earlier reports:

Fri Nov 5, 2021: (I had to split the links into two posts, due to "Forbidden 403" issues)

Links to earlier reports:

Links to additional earlier reports:

Wed Nov 3, 2021: Links to earlier reports:

Fri Oct 8, 2021: Links to earlier reports:

Wed Oct 6, 2021: Links to earlier reports:

Fri Sep 3, 2021: Links to earlier reports:

Thu Sep 2, 2021 (in the Friday, August 6, BLS thread): Links to earlier reports:

Wed Aug 4, 2021: Links to earlier reports:

Sat Jul 10, 2021: Links to earlier reports:

Wed Jun 30, 2021: Links to earlier reports:

Fri Jun 4, 2021: Links to earlier reports:

Thu Jun 3, 2021: Links to earlier reports:

Fri May 7, 2021: Links to earlier reports:

Wed May 5, 2021: Links to earlier reports:

Fri Apr 2, 2021: Links to earlier reports:

Wed Mar 31, 2021: Links to earlier reports:

Fri Mar 5, 2021: Links to earlier reports:

Wed Mar 3, 2021: Links to earlier reports:

Fri Feb 5, 2021: Links to earlier reports:

Wed Feb 3, 2021: Links to earlier reports:

Fri Jan 8, 2021: Links to earlier reports:

Wed Jan 6, 2021: Links to earlier reports:

Fri Dec 4, 2020: Links to earlier reports:

Wed Dec 2, 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]

ADP^® (Automatic Data Processing), for employment in January 2022 (this one):

December private payrolls rose by 807,000, far exceeding expectations: ADP

Bureau of Labor Statistics, for employment in December 2021:

U.S. economy adds just 210,000 jobs in November

ADP^® (Automatic Data Processing), for employment in December 2021:

November private payrolls rose by 534,000 topping expectations: ADP

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

ADP^® (Automatic Data Processing), for employment in November 2021:

November private payrolls rose by 534,000 topping expectations: ADP

Bureau of Labor Statistics, for employment in October 2021:

October jobs report: Payrolls grew by 531,000 as unemployment rate fell to 4.6%

ADP^® (Automatic Data Processing), for employment in October 2021:

October private payrolls rose by 571,000, topping expectations: ADP

Bureau of Labor Statistics, for employment in September 2021:

Yahoo Finance September jobs report: Economy adds back disappointing 194,000 jobs, unemployment rate

ADP^® (Automatic Data Processing), for employment in September 2021

September private payrolls rose by 568,000, topping estimates: ADP

Bureau of Labor Statistics, for employment in August 2021:

August jobs report: Payrolls rise by disappointing 235,000 while unemployment rate falls to 5.2%

ADP^® (Automatic Data Processing), for employment in August 2021:

August private payrolls rose by 374,000, missing estimates: ADP

Bureau of Labor Statistics, for employment in July 2021:

July jobs report: Economy adds back 943,000 payrolls, unemployment rate falls to 5.4%

ADP^® (Automatic Data Processing), for employment in July 2021:

Private payrolls rose by 330,000 in July, missing estimates: ADP

Bureau of Labor Statistics, for employment in June 2021:

U.S. economy added 850,000 jobs in June as labor market showed renewed strength

ADP^® (Automatic Data Processing), for employment in June 2021:

Private payrolls increased by 692,000 in June, beating expectations: ADP

Bureau of Labor Statistics, for employment in May 2021:

U.S. economy adds 559,000 jobs in May, as the recovery shows signs of strength

ADP^® (Automatic Data Processing), for employment in May 2021:

Private-sector employment increased by 978,000 from April to May, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in April 2021:

Economy picked up 266,000 jobs in April, fewer than expected as economy tries to rebound

ADP^® (Automatic Data Processing), for employment in April 2021:

Private-sector employment increased by 742,000 from March to April, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in March 2021:

The U.S. economy added 916,000 jobs in March as recovery gains steam again

ADP^® (Automatic Data Processing), for employment in March 2021:

Private employers added back 517,000 jobs in March, missing expectations: ADP

Bureau of Labor Statistics, for employment in February 2021:

The economy added 379,000 jobs in February

ADP^® (Automatic Data Processing), for employment in February 2021:

ADP National Employment Report: Private Sector Employment Increased by 117,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2021:

Unemployment rate falls to 6.3% in January; payroll employment changes little (+49,000)

ADP^® (Automatic Data Processing), for employment in January 2021:

ADP National Employment Report: Private Sector Employment Increased by 174,000 Jobs in January

Bureau of Labor Statistics, for employment in December 2020:

The economy lost 140,000 jobs in December

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

Private-sector employment decreased by 123,000 from November to December, seasonally adjusted

[mahatmakanejeeves]

11. December jobs report preview: Payrolls expected to accelerate as unemployment rate falls to 4.1%

Yahoo Finance

December jobs report preview: Payrolls expected to accelerate as unemployment rate falls to 4.1%

Emily McCormick · Reporter
Thu, January 6, 2022, 2:24 PM · 4 min read

The U.S. economy likely ended 2021 with a month of solid job growth, as hiring picked up before the latest surge in Omicron-related infections meaningfully impacted the labor market.

The Labor Department is set to release its December jobs report Friday at 8:30 a.m. ET. Here are the main metrics expected from the print, compared to consensus estimates compiled by Bloomberg:

• Non-farm payrolls: +444,000 expected vs. +210,000 in November

• Unemployment rate: 4.1% expected vs. 4.2% in November

• Average hourly earnings, month-over-month: 0.4% expected vs. 0.3% in November

• Average hourly earnings, year-over-year: 4.2% expected. vs. 4.8% in November

The labor market likely saw 12 consecutive months of job growth in December. Specifically, consensus economists expect that December payrolls increased by over 400,000, or more than double the tally from November, when a slowdown in service-sector hiring had weighed on overall employment growth.

{snip}

Others suggested that notable Omicron-related impacts to the monthly labor market data are unlikely to appear until at least the January report. The Labor Department collects data for the monthly jobs reports during the week including the 12th of the month, which may have been too early to capture disturbances from the Omicron variant discovered in the U.S. in late November.

"Thought Omicron-related disruptions present some downside risk, they are more likely to be evident in the January employment report," Deutsche Bank economists led by Brett Ryan wrote in a note. "For example, the four-week average of initial jobless claims declined by a little over 24% between the November and December employment survey periods ... This was the largest month-over-month decline since August 2020 (-28%), when private payrolls increased by over 1 million."

{snip}

[mahatmakanejeeves]

12. December Jobs Report Is Expected to Show Record Annual Gain

ECONOMY | U.S. ECONOMY

December Jobs Report Is Expected to Show Record Annual Gain

Economists predict hiring will continue this year, even though the Covid-19 Omicron variant is disrupting the country’s labor market

By Sarah Chaney Cambon
https://twitter.com/sechaney
[e-mail]
Jan. 7, 2022 5:30 am ET

U.S. job growth for 2021 is poised to hit an annual record, and the economy is positioned to churn out jobs this year despite temporary disruptions from the Omicron variant’s surge, economists say.

Economists surveyed by The Wall Street Journal estimate that hiring strengthened in December as employers added 422,000 jobs, or more than twice the 210,000 added in November. Such payroll gains would leave the U.S. economy with about 6.5 million more jobs than at the end of 2020—more than in any year on record—but 3.5 million jobs short of pre-pandemic levels.

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