The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019

U.S. Private-Sector Job Creation Strong In November: ADP

@AFP

Washington (AFP) – U.S. private-sector hiring surged in November, with a net 215,000 new jobs created, the strongest month so far in 2013, payrolls firm ADP said Wednesday.

ADP also revised its October number sharply higher to 184,000, confirming strength in the economy as the year-end looms.

The figures were well above what was expected, and suggested that the government’s official November jobs numbers will be largely positive when released Friday.

Most of the jobs as usual were in the services sector, with manufacturing adding 40,000.

Key strengths were in professional/business services and trade, transportation and utilities.

“The job market remained surprisingly resilient to the government shutdown and brinkmanship over the treasury debt limit,” said Mark Zandi, chief economist at Moody’s Analytics, which helps compile the data.

“Employers across all industries and company sizes looked through the political battle in Washington. If anything, job growth appears to be picking up.”

Analysts warned that the ADP report is frequently given to large revisions and is not always a good indicator of the direction of the government’s job creation data.

“Take this with a grain of salt,” warned Jennifer Lee of BMO Economics.

“But if the direction is right, it is good news that the U.S. economy is stepping up the pace of hiring.”

AFP Photo/Joe Raedle

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Former President Donald Trump at an American military cemetery near Paris in 2018

AP Photo by Jacquelyn Martin

To help me write more columns like this one, as well as my screeds attacking traitorous Republicans, please consider becoming a paid subscriber.

Keep reading...Show less

Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons, a novel and a memoir. Visit him at DanzigerCartoons.

{{ post.roar_specific_data.api_data.analytics }}