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US private sector added 250,000 jobs in Dec, vs estimate of 190,000: ADP

By MrMagic following x   2018 Jan 4, 7:37am 2,311 views   47 comments   watch   sfw   quote     share    


Private sector job creation surged in December as a strong holiday shopping season pushed companies to hire more workers, according to a report Thursday from ADP and Moody's Analytics.

Companies hired 250,000 new workers to close out the year, well above Wall Street expectations of 190,000. The month was the best for job creation since March and topped the 185,000 in November.

Job growth was broad-based, as professional and business services led the way with 72,000 new positions. The education and health services sector was next at 50,000 and trade, transportation and utilities contributed 45,000. Wall Street-related payrolls grew by 19,000.



https://www.cnbc.com/2018/01/04/us-private-sector-added-250000-jobs-in-dec-vs-estimate-of-190000-adp.html
#economics
8   MrMagic   ignore (9)   2018 Jan 4, 3:06pm   ↑ like (4)   ↓ dislike (1)   quote        

anon_604a7 says
Economy always recovers regardless of who’s president.


Wait, I thought we were in Recovery Summer V7.0 with Obama and things were wonderful and prosperous?

How could it get better from there in 2017?

There shouldn't be anything that needs a "recovery" according to the TDS crowd. Obama did a splendid job, right?
9   anonymous   ignore (null)   2018 Jan 5, 7:39am   ↑ like (1)   ↓ dislike (0)   quote        

https://www.yahoo.com/finance/news/us-jobs-report-december-2017-130157235.html
"The labor market ended 2017 with a slight disappointment.
The December jobs report from the Bureau of Labor Statistics showed nonfarm payrolls grew by 148,000 while the unemployment rate stayed steady at 4.1%, slightly missing expectations.
Economists expected nonfarm payrolls grew by 190,000 in December while the unemployment rate was expected to remain at 4.1%. The unemployment rate is currently at the lowest level since December 2000. November’s jobs increase was also revised higher to 252,000 from an initial print of 228,000."

"Wages were another major focus of this report, which showed average hourly earnings rising 0.3% over last month and 2.5% over the prior year. Expectations were for increases of 0.3% and 2.5%, respectively.
The relative lack of wage growth in the economy has been a surprise to many economists given the low level of unemployment. Friday’s report continues this trend of wage growth that is decent, but not accelerating as some have expected."
10   MrMagic   ignore (9)   2018 Jan 5, 7:56am   ↑ like (2)   ↓ dislike (1)   quote        

LinkedIn report finds a 24.2% rise in December hiring as growth in Sun Belt cities booms.

U.S. employers hired more people in December than a year ago, and cities in the Sun Belt are showing solid hiring growth, according to the LinkedIn Workforce Report.

Hiring across the U.S. was 24.2 percent higher last month than a year earlier, the data showed.

"2017 was a phenomenal year for hiring," Dan Roth, LinkedIn editor-in-chief, told CNBC's "Squawk Box." So, every month it's going to get harder to see where the growth is going to come from."

LinkedIn found hiring growth in Houston, Phoenix and Dallas-Fort Worth was outperforming the rest of the country. Hiring in Houston, which was devastated by Hurricane Harvey in late summer, grew by 14.6 percent from 2016 to 2017 compared with the U.S. average of 10.4 percent. Phoenix's was 14 percent, while Dallas-Fort Worth gained 11.7 percent.

The sectors with the biggest year-over-year increases in December were financial services and insurance, up 23.1 percent, aerospace, automotive and transportation, up 22.2 percent, and architecture and engineering, up 21.1 percent.

LinkedIn's report is compiled from its more than 143 million user profiles in the U.S and 20,000 company profiles. LinkedIn has more than 11 million active job listings globally and has more than 3 million new job listings added in the U.S. every month.

https://www.cnbc.com/2018/01/05/linkedin-report-finds-a-24-point-2-percent-rise-in-december-hiring.html
11   TwoScoopsOfWompWomp   ignore (2)   2018 Jan 9, 11:35pm   ↑ like (1)   ↓ dislike (0)   quote        

Here's some more Jobs on the way.


BREAKING: Japanese automakers Toyota, Mazda pick Alabama for $1.6 billion manufacturing plant, person briefed on situation says.

— The Associated Press (@AP) January 9, 2018

13   Goran_K   ignore (2)   2018 Jan 10, 8:16am   ↑ like (4)   ↓ dislike (1)   quote        

anon_604a7 says
Economy always recovers regardless of who’s president.


Right. So that's why every major liberal leftist personality was "selling all of their stocks" and predicting market crashes (especially libtard hero Krugman) because of Trump's election?

Now it's like "Oh shit that didn't actually happen... uh uh uh ......... THANKS Obama!" Fucking weak.
14   anonymous   ignore (null)   2018 Jan 10, 8:25am   ↑ like (0)   ↓ dislike (1)   quote        

Goran_K says
anon_604a7 says
Economy always recovers regardless of who’s president.


Right. So that's why every major liberal leftist personality was "selling all of their stocks" and predicting market crashes (especially libtard hero Krugman) because of Trump's election?

Now it's like "Oh shit that didn't actually happen... uh uh uh ......... THANKS Obama!" Fucking weak.


Did anyone actually say they were selling their stocks after the election? I didn’t hear about that
15   Goran_K   ignore (2)   2018 Jan 10, 8:55am   ↑ like (2)   ↓ dislike (0)   quote        

errc says
Did anyone actually say they were selling their stocks after the election? I didn’t hear about that


16   Goran_K   ignore (2)   2018 Jan 10, 8:55am   ↑ like (2)   ↓ dislike (0)   quote        

Another one.

17   Goran_K   ignore (2)   2018 Jan 10, 9:24am   ↑ like (1)   ↓ dislike (0)   quote        

Sure

"However Trump's new tax policy or some sick Congressional-Trump hybrid will cause great damage to our long term economic prospects" - Thus far very WRONG


"Congress is very likely to insert "reforms" to both Social Security and Medicare which will ultimately be nothing more than cutting benefits or putting retirement money at risk in the stock market." - Very wrong, never happened.

"The deficit and national debt, OH SO IMPORTANT just a few years ago, will now disappear as an issue and add trillions to misguided citizens who will be told our economy will grow out of it." - Thus far wrong.

I mean, all of that is pretty much fantasy so far.
18   Ceffer   ignore (1)   2018 Jan 10, 9:54am   ↑ like (1)   ↓ dislike (1)   quote        

It's so heart warming that in just a few months, all those newly employed will qualify for unemployment benefits again!
19   HEYYOU   ignore (17)   2018 Jan 10, 10:16am   ↑ like (0)   ↓ dislike (0)   quote        

It's absolutely amazing that Trump could create jobs during the spending season.
Never happened before.
20   Patrick   ignore (0)   2018 Jan 10, 10:45am   ↑ like (5)   ↓ dislike (1)   quote        

Rapidly deleting comments about other users...

Please stop talking about each other. Talk about anything else. I said please, but will continue to delete all day long if needed.

Other classes of comments I am happily deleting:

"this site sucks"
"your moderation choices suck"
21   TwoScoopsOfWompWomp   ignore (2)   2018 Jan 10, 1:24pm   ↑ like (2)   ↓ dislike (0)   quote        

Goran_K says
Another one.

The Krugman prediction is legendary. I saw a tweet a while back with a compendium of dire predictions if Trump won for the stock market. Should have saved it.
22   TwoScoopsOfWompWomp   ignore (2)   2018 Jan 10, 1:30pm   ↑ like (4)   ↓ dislike (1)   quote        




"Donald Trump's first gift to the world will be another financial crisis." Headline in the U.K. Independent. "(He) gives every impression that he will soon be hustling America — and possibly the entire world — in the direction of another catastrophic financial crisis." Same article.

"I have no stocks. I advise people not to invest in the stock market, not now. Way too dangerous." Film maker Michael Moore, August, 2017.

"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? A first-pass answer is never… So we are very probably looking at a global recession, with no end in sight." Paul Krugman of the New York Times the day after the election.

"Trump's domestic policies would lead to recession." Former GOP presidential candidate Mitt Romney, March 2016.

"If Trump wins we should expect a big markdown in expected future earnings for a wide range of stocks — and a likely crash in the broader market (if Trump becomes president)." Eric Zitzewitz, former chief economist at the IMF, November 2016.

"Under Trump, I would expect a protracted recession to begin within 18 months. The damage would be felt far beyond the United States." Former Clinton and Obama chief economist Larry Summers, June 2016.

"Trump would likely cause the stock market to crash and plunge the world into recession." Simon Johnson, MIT economics professor, in The New York Times, November 2016.

"Citigroup: A Trump Victory in November Could Cause a Global Recession", Bloomberg Financial News headline, August 2016

"I have never seen an election in which the markets have so strong of a view as to what was good and bad about the outcome. And what you saw was the markets rallying yesterday because of the FBI thing on Sunday. And the reason I mention this particularly is if the likely event happens and Trump wins you will see a market crash of historic proportions, I think…The markets are terrified of him." Steve Rattner, MSNBC economics guru and former Obama Car Czar, October, 2016.

"Wall Street is set up for a major crash if Donald Trump shocks the world on Election Day and wins the White House. New research out on Friday suggests that financial markets strongly prefer a Hillary Clinton presidency and could react with panicked selling should Trump defy the polls and deliver a shocking upset on Nov. 8." Ben White, Politico, October 2016.

And finally, and most unambiguously:

"A President Trump Could Destroy the World Economy", headline of Washington Post editorial, October 2016.

https://www.investors.com/politics/columnists/and-the-hits-just-kept-coming-the-greatest-false-predictions-of-2017/
Economics is barely better than Gender Studies.
23   mell   ignore (1)   2018 Jan 10, 1:38pm   ↑ like (1)   ↓ dislike (0)   quote        

lol the Krugsheister and Eichenwald dunces shivs are priceless! Remember PK lives off of your taxpayer $$ and then spouts disastrous blabs.
24   Booger   ignore (1)   2018 Jan 10, 1:43pm   ↑ like (3)   ↓ dislike (0)   quote        

"You get a factory! You get a factory! And you get a factory! Everybody gets a factory!!!!!"

-Donald J. Trum
25   anonymous   ignore (null)   2018 Jan 10, 2:04pm   ↑ like (0)   ↓ dislike (1)   quote        

Goran_K says
errc says
Did anyone actually say they were selling their stocks after the election? I didn’t hear about that




Who is kirk eichenwald?

Never heard of him
26   Goran_K   ignore (2)   2018 Jan 10, 2:30pm   ↑ like (3)   ↓ dislike (2)   quote        

errc says
Who is kirk eichenwald?

Never heard of him


A pretty outspoken lefty journalist who writes at Newsweek, Vanity Fair, and someone who lost a ton of money in 2017 by selling all of his stocks.
27   anonymous   ignore (null)   2018 Jan 10, 2:33pm   ↑ like (1)   ↓ dislike (3)   quote        

Goran_K says
errc says
Who is kirk eichenwald?

Never heard of him


A pretty outspoken lefty journalist who writes at Newsweek, Vanity Fair, and someone who lost a ton of money in 2017 by selling all of his stocks.


Never heard of the guy

The people who whinge incessantly about CNN and leftists pundits should maybe stop listening to them. It’s bizarre behavior
28   Strategist   ignore (1)   2018 Jan 10, 6:52pm   ↑ like (1)   ↓ dislike (0)   quote        

TwoScoopsPlissken says

"Donald Trump's first gift to the world will be another financial crisis." Headline in the U.K. Independent. "(He) gives every impression that he will soon be hustling America — and possibly the entire world — in the direction of another catastrophic financial crisis." Same article.

"I have no stocks. I advise people not to invest in the stock market, not now. Way too dangerous." Film maker Michael Moore, August, 2017.

"It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? A first-pass answer is never… So we are very probably looking at a global recession, with no end in sight." Paul Krugman of the New York Times the day after the election.

"Trump's domestic policies would lead to recession." Former GOP presidential candidate Mitt Romney, March 2016.

"If Trump wins we should expect a big markdown in expected future earnings...


ROFL ROFL ROFL
So many idiots, so little time.
29   WatermelonUniversity   ignore (6)   2018 Jan 10, 9:36pm   ↑ like (0)   ↓ dislike (3)   quote        

irrelevant crap. 2017 GDP is pathetic. like Schiff said, Obama 2.0.
30   Goran_K   ignore (2)   2018 Jan 10, 11:36pm   ↑ like (5)   ↓ dislike (0)   quote        

errc says
Goran_K says
errc says
Who is kirk eichenwald?

Never heard of him


A pretty outspoken lefty journalist who writes at Newsweek, Vanity Fair, and someone who lost a ton of money in 2017 by selling all of his stocks.


Never heard of the guy

The people who whinge incessantly about CNN and leftists pundits should maybe stop listening to them. It’s bizarre behavior


Who says anyone listens to them? Many of us here experienced massive gains in 2017 and are much more wealthy because we didn’t listen to leftist retards.
31   Strategist   ignore (1)   2018 Jan 11, 9:33am   ↑ like (4)   ↓ dislike (0)   quote        

Goran_K says

Who says anyone listens to them? Many of us here experienced massive gains in 2017 and are much more wealthy because we didn’t listen to leftist retards.


Most lefties believe the market will crash only because they don't like Trump. Pure emotional, pure wishful, and pure irrational thinking. You can never be a successful investor with that kind of thinking.
Righties were not much different either when Obama was President.
The way I see it....President's will come, and President's will go, but the stock market will go on for ever.
32   anonymous   ignore (null)   2018 Jan 11, 10:53am   ↑ like (1)   ↓ dislike (0)   quote        

The eighties were right. The market didn't, do crap the last two years of Obama, even after billions of QE.
33   Goran_K   ignore (2)   2018 Jan 11, 10:58am   ↑ like (4)   ↓ dislike (0)   quote        

Strategist says
Most lefties believe the market will crash only because they don't like Trump. Pure emotional, pure wishful, and pure irrational thinking. You can never be a successful investor with that kind of thinking.
Righties were not much different either when Obama was President.
The way I see it....President's will come, and President's will go, but the stock market will go on for ever.


Exactly.

Krugman is a nobel prize winning economist. Even he let his political bias sway his economic analysis, and it cost lots of lefty democrats lots of money. He was completely and utterly wrong.
34   HEYYOU   ignore (17)   2018 Jan 11, 11:08am   ↑ like (0)   ↓ dislike (0)   quote        

What I love about Market talk is that no one ever say how much they have made or lost in Dollar amounts.
Got rich! Made me wealthy!
If it's on the internet,it's true.
35   Strategist   ignore (1)   2018 Jan 11, 12:08pm   ↑ like (0)   ↓ dislike (0)   quote        

Goran_K says
Strategist says
Most lefties believe the market will crash only because they don't like Trump. Pure emotional, pure wishful, and pure irrational thinking. You can never be a successful investor with that kind of thinking.
Righties were not much different either when Obama was President.
The way I see it....President's will come, and President's will go, but the stock market will go on for ever.


Exactly.

Krugman is a nobel prize winning economist. Even he let his political bias sway his economic analysis, and it cost lots of lefty democrats lots of money. He was completely and utterly wrong.


It shows how political bias can screw up even a brilliant mind. Now that his emotions have taken over, I won't be surprised if he throws in the towel and decides to jump into the stock market, only to see it take a 20% correction. he he he
36   Strategist   ignore (1)   2018 Jan 11, 12:10pm   ↑ like (0)   ↓ dislike (0)   quote        

HEYYOU says
What I love about Market talk is that no one ever say how much they have made or lost in Dollar amounts.


And let the IRS find out? Hell no.




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