Private payrolls rose by 455,000 in March, topping expectations: ADP
Source: Yahoo! Finance
Yahoo Finance
Private payrolls rose by 455,000 in March, topping expectations: ADP
Emily McCormick · Reporter
Wed, March 30, 2022, 8:15 AM · 2 min read
U.S. private sector employers brought back slightly more jobs than expected in March as the economy faced ongoing labor shortages and widespread vacancies.
Private sector payrolls rose by 455,000 in this past month, ADP said in its latest report Wednesday. Consensus economists were looking for 450,000 jobs to return, according to Bloomberg data. In February, employers brought back 486,000 payrolls, based on ADP's upwardly revised monthly print.
Job growth in the U.S. private sector has decelerated in every month since December, when nearly 800,000 payrolls returned in a single month, based on ADP's measures. Still, private payrolls have risen at a monthly rate well above pre-pandemic trends, even as the overall size of the U.S. workforce still remains depressed compared to levels before the virus.
ADP's report served as yet another affirmation of the strong momentum across the labor market, with private-sector job growth persisting for 23 consecutive months after a pandemic-related plunge in employment. However, widespread demand for labor and an elevated ratio of job openings to available workers has contributed further to the economy-wide inflationary pressures seen at present leading some policymakers including Federal Reserve Chair Jerome Powell to now deem the labor market "tight to an unhealthy level."
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Read more: https://finance.yahoo.com/news/adp-jobs-report-march-2022-labor-work-121553497.html
Here's the original excerpt. Emily McCormick didn't have an article in place yesterday afternoon, but she had her article posted right away this morning.
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Private-sector employment increased by 455,000 from February to March, on a seasonally adjusted basis.
https://adpemploymentreport.com/2022/March/NER/NER-March-2022.aspx
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
https://adpemploymentreport.com/2022/March/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-March2022-Final-Press-Release.pdf
ADP National Employment Report: Private Sector Employment Increased by 455,000 Jobs in March
ROSELAND, N.J. - March 30, 2022 - Private sector employment increased by 455,000 jobs from February to March according to the March 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.
{snip}
IronLionZion
(45,269 posts)mahatmakanejeeves
(56,906 posts)Wed Mar 30, 2022: Links to earlier reports (this one):
Fri Mar 4, 2022: Links to earlier reports:
Wed Mar 2, 2022: Links to earlier reports:
Fri Feb 4, 2022: Links to earlier reports:
Wed Feb 2, 2022: Links to earlier reports:
Wed Jan 12, 2022: Links to earlier reports:
Wed Jan 5, 2022: 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:
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[center]Past Performance is Not a Guarantee of Future Results.[/center]
ADP® (Automatic Data Processing), for employment in March 2022 (this one):
Private payrolls rose by 455,000 in March, topping expectations: ADP
Bureau of Labor Statistics, for employment in February 2022:
February jobs report: Payrolls rise by 678,000 as unemployment rate falls to 3.8%
ADP® (Automatic Data Processing), for employment in February 2022:
Private payrolls rose by 475,000 in February, topping expectations: ADP
Bureau of Labor Statistics, for employment in January 2022:
January jobs report: Payrolls jump by 467,000 as unemployment rate rises to 4.0%
ADP® (Automatic Data Processing), for employment in January 2022:
Companies unexpectedly cut 301,000 jobs in January as omicron slams jobs market, ADP says
Bureau of Labor Statistics, for employment in December 2021:
December jobs report: Payrolls rise by 199,000 as unemployment rate falls to 3.9%
ADP® (Automatic Data Processing), for employment in December 2021:
December private payrolls rose by 807,000, far exceeding expectations: ADP
Bureau of Labor Statistics, for employment in November 2021:
U.S. economy adds just 210,000 jobs in November
ADP® (Automatic Data Processing), for employment in November 2021:
November private payrolls rose by 534,000 topping expectations: ADP
Nonetheless, what is important is not this month's results, but the trend. Lets 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
Itchinjim
(3,083 posts)Seems like they always miss the mark.
IronLionZion
(45,269 posts)BLS uses a survey. Not every employer uses ADP
progree
(10,864 posts)The ADP numbers cover only about 20% of the nation's private workforce.
https://www.federalreserve.gov/newsevents/speech/powell20191008a.htm
the ADP National Employment Report and ADP Small Business Report are derived from ADP payroll data representing 460,000 U.S. clients and nearly 26 million workers
https://finance.yahoo.com/news/september-2021-adp-national-employment-121500533.html
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So how they extrapolate that to estimates of total U.S. private sector employment, I have no idea.
Johnny2X2X
(18,745 posts)Dems have conceded the narrative totally, that only inflation matters right now. We have the best jobs growth in US history, we have the best GDP growth in 40 years, and we have the best wage growth in decades. All of those things should be given equal coverage to Inflation, but Dems don't even talk about them so why would they be given equal time?
twodogsbarking
(9,315 posts)Just a wild thought.
mahatmakanejeeves
(56,906 posts)ADP is an outfit that processes payrolls. They have access to their own information; the gummint does not. The gummint throws the lever and releases its own kraken in 48 hours.
Same bat time, same bat channel.