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ADP Official Numbers: 235,000 313,000 New Jobs

By TwoScoopsOfWompWomp following x   2018 Mar 7, 4:22pm 520 views   7 comments   watch   sfw   quote     share    



Private employers added more positions in February than economists forecast, adding to concern that inflation may accelerate and the Federal Reserve may boost interest rates at a faster-than-expected pace.

ADP said the private employers added 235,000 jobs last month, compared with the Thomson Reuters projection of 195,000.

Investors are keeping a close eye on U.S. jobs and the Fed's view of the economy. An acceleration in wage growth could encourage central bankers to raise interest rates at a faster pace this year.

The Fed has forecast three rate hikes in 2018, and investors have grown concerned that a fourth increase could emerge given recent inflation gains. On an annualized basis, wages ticked 2.9% higher in January, up from 2.5% for all of 2017.

http://www.foxbusiness.com/markets/adp-says-employers-added-235000-jobs-more-than-forecast
1   TwoScoopsOfWompWomp   ignore (2)   2018 Mar 9, 9:46am   ↑ like (1)   ↓ dislike (0)   quote        

Nonfarm payrolls rose by 313,000 in February while the unemployment rate remained at 4.1 percent, the lowest since December 2000.

Economists surveyed by Reuters had been expecting nonfarm payroll growth of 200,000 and the unemployment rate to decline one-tenth of a percent to 4 percent.

https://www.cnbc.com/2018/03/09/nonfarm-payrolls-february.html

Wow, 313,000 versus expectations of 200,000
3   HEYYOU   ignore (17)   2018 Mar 9, 11:58am   ↑ like (0)   ↓ dislike (2)   quote        

"I'm sorry but I must instantly call bull**** on this. The month-over-month change in employed persons according to the household survey, at 1.55 million, is the largest I've got in my data going back to 1999. More-interesting is that virtually all of it came out of the "not-in-labor-force" figure, which allegedly declined by 1.304 million (not a record, incidentally, but certainly in the top of the shelf.)"

"This is also an impossibility with the "unemployment rate" staying at 4.1%. It appears there's some funny business going on over at the BLS -- likely with the unemployment rate and juggling who goes in what bucket in an attempt to cork The Fed. It won't work; they'll see through that crap in 10 seconds, as I did."

http://market-ticker.org/akcs-www?post=233091

Making shit up as they go along.

https://www.bls.gov/web/empsit/cesbd.htm
4   TwoScoopsOfWompWomp   ignore (2)   2018 Mar 9, 12:18pm   ↑ like (4)   ↓ dislike (0)   quote        

The number of employed Americans has now broken eight records, most recently in February, since President Donald Trump took office.

155,215,000 Americans were employed in February, 785,000 more than last month’s record 154,430,000, the Bureau of Labor Statistics reported on Friday.

The number of employed Black Americans hit a record high of 19,087,000 last month, and a record 72,530,000 women 16 and older were counted as employed.

The labor force participation rate increased three-tenths of a point, and the nation’s unemployment rate remained at a low 4.1 percent for a fifth straight month.

https://www.cnsnews.com/news/article/susan-jones/155215000-number-employed-americans-sets-8th-record-trump-era

Trump: Great for Blacks, Great for Women, Great for Whites, Great for Men, Great for America. Not Great for those who want to Rig Labor Market Illegally.
5   Quigley   ignore (0)   2018 Mar 9, 12:21pm   ↑ like (4)   ↓ dislike (0)   quote        

100% this ^^
6   MrMagic   ignore (9)   2018 Mar 9, 1:31pm   ↑ like (2)   ↓ dislike (0)   quote        

TwoScoopsPlissken says
The number of employed Americans has now broken eight records, most recently in February, since President Donald Trump took office.


Can we finally impeach Trump now?

TwoScoopsPlissken says
Trump: Great for Blacks, Great for Women, Great for Whites, Great for Men,


He's such a racist!
7   Goran_K   ignore (2)   2018 Mar 9, 1:33pm   ↑ like (1)   ↓ dislike (0)   quote        

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