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With More Hiring Forecast, Fill Time and Recruiting Difficulty are Rising

by Jul 11, 2014, 6:16 am ET

CB Mid-year hiring plans 2014Employers are expressing more optimism about the future and it’s showing in their hiring plans for the rest of this year.

CareerBuilder’s Midyear Job Forecast says more employers expect to add headcount in the next several months than said that last year. Employers told CareerBuilder they will add to the ranks of full and part-time workers, and 33 percent will increase their temp or contract staffing workers.

The CareerBuilder survey shows a brighter employment picture than the one at the beginning of the year. With the U.S. Congress mired in budget politics and with a renewal of the debt ceiling crisis looming, barely a quarter of the hiring managers surveyed for the report foresaw increased full or part-time hiring ahead. keep reading…

‘Job Gains Were Widespread’ in June, Says U.S. Govt

by Jul 3, 2014, 8:51 am ET

Screen Shot 2014-07-03 at 5.57.22 AMThe foreshadowing from yesterday turned prescient. That bad-weather, bad-economic-news first part of the year behind us, June saw job gains in a variety of industries.

The U.S. Bureau of Labor Statistics says 288,000 jobs were created, about 75,000 more than expected.

Gains were “widespread,” it reported. Indeed, a variety of industries looked strong: keep reading…

June Had Strong Job Growth, Adding 281k Says ADP

by Jul 2, 2014, 12:56 pm ET

ADP job growth chart june 2014With a private sector jobs report from ADP estimating that employers added 281,000 jobs in June — the most in almost two years — the expectation is that tomorrow’s official government report will also be a strong one.

Labor economists were taken by surprise by the strength of the ADP report. In advance of this morning’s release, surveys by Bloomberg News, Dow Jones, and others put the average guesses of various analysts between 205,000 and 213,000.

Mark Zandi, chief economist for Moody’s Analytics, which compiles the numbers from ADP payroll processing records, was optimistic about the direction of the economy. keep reading…

A Graphical Look at What’s Happened to America’s Jobs

by Jun 10, 2014, 12:06 am ET

Times - Mixed RecoveryWhen the U.S. Bureau of Labor Statistics released its May employment report Friday, it marked a recovery milestone. Six years and five months after the recession began, the U.S. has finally recovered 8.7 million jobs lost through the recession’s official end in February 2010.

The 138.463 million jobs in May exceeds January 2008′s 138.365 million by 100,000.

While certainly good news, the recovery and job creation has been uneven. In a remarkable series of interactive charts, The New York Times graphically illustrates the mixed nature of the recovery. Industry by industry, using BLS data The Times shows how both the number of jobs has changed, as well as the average salaries. keep reading…

May Job Growth Is Fourth Month Over 200K

by Jun 6, 2014, 9:51 am ET

Econ index May 2014Early indications of an anemic May employment report proved unduly pessimistic this morning when the U.S. Labor Department announced 217,000 new jobs were added during the month and that the unemployment rate was unchanged at 6.3 percent.

Analysts predicting a gain of 210,000-215,000 payroll additions in May were surprised Wednesday when payroll processor ADP’s monthly jobs report estimated a mere 179,000 new jobs. Now, with the government showing a fourth consecutive month of gains over 200,000, there’s greater confidence that job creation is finally gaining momentum. keep reading…

ADP Report Shows Hiring Slowdown in May

by Jun 4, 2014, 2:34 pm ET

ADP adds chart May 2014Private sector job growth slowed in May, says ADP’s monthly employment report out this morning. Payrolls increased by 179,000, the HR services firm estimated, which fell far short of the 210,000 economists were expecting. It was also under April’s revised ADP count of 215,000 new jobs.

“After a strong post-winter rebound in April, job growth in May slowed somewhat,” said Carlos Rodriguez, president and chief executive officer of ADP. However, he noted, “The 179,000 jobs added figure is higher than May of last year and in line with the average over the past twelve months.” keep reading…

Jobs Up By 288K in April As Unemployment Rate Plummets

by May 2, 2014, 9:53 am ET

Econ Index April 2014The unemployment rate plummeted in April to the lowest point in more than five years as the U.S. economy added an unexpectedly large 288,000 jobs during the month.

All but the most optimistic of economists expected the jobs numbers to be strong, but nowhere near 300k, with the consensus of surveys placing the increase in the range of 210,000 to 220,000. The unemployment rate was forecast to decline only by a tenth of a point from March’s 6.7 percent.

Instead, the Bureau of Labor Statistics report released this morning said unemployment dropped almost across the board, with lower rates for whites, blacks, Hispanics, men, women and teenagers. However, the sharp decline in the unemployment rate was due mostly to the 806,000 who left the labor force and were therefore not counted as unemployed. keep reading…

ADP Report: 220k New Jobs Is Most Since November

by Apr 30, 2014, 1:06 pm ET

ADP report for APril 2014This morning’s private sector employment report from ADP is buoying hopes the jobs market is picking up after after a slow winter. The payroll processor and HR services firm said the U.S. economy created 220,000 new private sector jobs in April, about 10,000 more than analysts were expecting.

The monthly ADP National Employment Report also upped the number of jobs initially reported for March by 18,000. keep reading…

U.S. News and Raytheon Launch ‘STEM Index’

by Apr 24, 2014, 11:34 am ET

Screen Shot 2014-04-24 at 8.21.56 AMA new “STEM Index” measures math and science test scores, degrees granted, interest in science careers, and other factors related to U.S. science, technology, and related careers. keep reading…

March Report: NewJobs=192k; New Workers=500k; Unemployment=6.7%

by Apr 4, 2014, 9:45 am ET

Econ Indicators March 2014U.S. job growth in March was somewhat lower than predicted as employers added 192,000 jobs during the month. The unemployment rate remained at 6.7 percent due largely to the half-million workers who rejoined the labor force.

This morning’s report from the U.S. Bureau of Labor Statistics also upped the initial numbers for January and February, adding 37,000 more jobs. With the revisions, monthly job growth during the first quarter of the year averaged 177,700 new jobs versus 206,000 for the first quarter last year.

Analysts were expecting a March gain of about 200,000 jobs, but the various surveys of economists showed a wide range of individual estimates. (The business news services survey analysts prior to the release of the monthly government report, and then average their estimate to produce a consensus result.) How much of the decline in job growth from last year is due to the unusually bad weather is a subject of debate among economists. keep reading…

Strong ADP Report Shows 191k New March Jobs

by Apr 2, 2014, 12:04 pm ET

ADP March 2014The jobs picture brightened considerably in March, as 191,000 new workers were added to private sector payrolls, according to ADP’s National Employment Report.

The HR services firm, which processes payrolls for some 24 million U.S. workers, reported gains in all broad industry categories with the job growth spread almost evenly among employers ranging from the smallest (under 50 employees up by 38,000) to the largest (over 1,000 up by 53,000). keep reading…

February Jobs Report: Better Than Expected; Not as Good as Last Year

by Mar 7, 2014, 9:40 am ET

February 2014 econ indicatorsLess crippled than economists predicted by the nasty weather that gripped much of the nation last month, the U.S.Department of Labor reported this morning the economy improved hiring in February, adding 175,000 new jobs. That was 25,000 more jobs than the average of analyst estimates.

In this touch-and-go recovery, gains higher than expected are good news. But the numbers over the last three months are anemic compared to last year’s average 190,000 new monthly jobs. February 2013, unencumbered by bitter weather, saw 280,000 new jobs. keep reading…

Weather Blamed Again for Weak Job Showing

by Mar 5, 2014, 12:47 pm ET

ADP Feb 2014 sector changes Mother Nature is again being blamed for slow job growth, following this morning’s release of new job estimates that are among the lowest in months.

ADP’s National Employment Report says the economy added a meager 139,000 new private sector jobs in February, well below the 155,000 to 160,000 consensus estimates of labor analysts.

The report, which included annual revisions to previous ADPs reports, adjusted January’s private sector numbers to 127,000 from an initial 175,000.

Mark Zandi, chief economist of Moody’s Analytics, said, “February was another soft month for the job market. Employment was weak across a number of industries. Bad winter weather, especially in mid-month, weighed on payrolls. Job growth is expected to improve with warmer temperatures.” keep reading…

January Job Growth Disappoints for Second Month

by Feb 7, 2014, 9:51 am ET

Econ data Jan 2014The U.S. grew jobs at a disappointing pace in January, the second consecutive month that hiring came in far below what economists were expecting. The Department of Labor’s monthly jobs report, issued this morning, said 113,000 new jobs were created during the month, some 70,000 below predictions.

And if that wasn’t enough gloomy news, the report upped December’s initial job count of 74,000 by a mere 1,000 jobs. A revision to the November numbers did better, adding 33,000 to 241,000 previously reported.

The U.S. government’s Bureau of Labor Statistics, which compiles the monthly jobs and employment data, also issued annual revisions for all of 2013, adding 87,000 new jobs to the cumulative 2.038 million reported during the year. If it hadn’t been for the expectation the revision would be far higher — to 345,000 – that might have been considered good news. keep reading…

Weather Blamed for January’s Slower-than-expected Jobs Growth

by Feb 5, 2014, 12:45 pm ET

Change-in-Nonfarm-Private-Employment-January-2014Snowy cold weather and a dose of post-holiday caution kept hiring softer in January than many economists were expecting. HR services company ADP and Moody Analytics reported this morning that 175,000 private sector jobs were created last month, 10,000 to 14,000 fewer than the average of analyst predictions.

The report sent stocks lower this morning, although other economic reports suggested there is more strength in the economy than this week’s deep drop in financial markets might suggest. The Institute for Supply Management, which helped set off Monday’s market decline with a weaker than expected manufacturing report, this morning reported its services index rose to 54 last month from 53 in December. The ISM’s services employment index was also up. keep reading…

Worst Job Growth in Two Years Stuns Analysts

by Jan 10, 2014, 9:39 am ET

December 2013 econ indicatorsThe government’s estimates of December’s job growth, projected by most economists to come in at somewhat over 190,000, stunned analysts with the report of an anemic 74,000 new jobs.

The report, released this morning by the U.S. Bureau of Labor Statistics, contradicts other, positive signs of economic strength, including strong home sales and a rise in the manufacturing index over the last several months. The National Employment Report from ADP and Moody’s Analytics, out Wednesday, estimated the private sector in December added 238,000 non-farm jobs.

The job growth number was the worst since May 2011. keep reading…

2013 Ends With Big Jump in Private Sector Jobs

by Jan 8, 2014, 12:21 pm ET

ADP Dec. 2013 Change by sectorThe New Year is starting on a positive note with HR services firm ADP reporting this morning that December saw more new jobs created than any month since November 2012. All industry sectors contributed to the 238,000 non-farm, private sector jobs added last month.

ADP and its partner Moody Analytics also adjusted upward the job gains for November and October by a combined 35,000. Construction was a powerful driver of the gain, adding 48,000 jobs last month, the most since February 2006. Manufacturing added 19,000 jobs, the second-biggest gain for the sector in more than a year. Even finance and financial activities posted a gain. keep reading…

Strong Job Numbers Bring Unemployment Down to 5-Year Low

by Dec 6, 2013, 9:38 am ET

econ index nov. 2013Unemployment fell to the lowest level in five years in November as employers added 203,000 jobs, demonstrating an economic strength that surprised economists who had been expecting lower numbers.

The U.S. Labor Department report out this morning said the unemployment rate declined to 7.0 percent from October’s 7.3 percent, even as more workers joined the labor force and the total employed population rose, in part reflecting the return to work of furloughed federal employees.

“This is just a clean sweep,” said Stuart Hoffman, chief economist for PNC Financial Services Group. “It’s a very good report. It’s across the board.”

keep reading…

U.S. Economy Shows Job Growth Strength; Adds 215k Jobs

by Dec 4, 2013, 1:14 pm ET

ADP Nov 2013 reportHandily beating predictions for a modest jobs increase last month, ADP reported this morning that the U.S. private sector added 215,000 jobs in November.

That estimate, derived from the millions of paychecks ADP processes each month, was 40,000 to 50,000 jobs higher than surveys of economists predicted. ADP, and its partner Moody’s Analytics also upped the initial job counts for September and October by 93,000 more jobs.

Small businesses, those with fewer than 50 workers, added 102,000 new jobs. The largest employers, those with more than 1,000 employees, added 70,000 jobs. keep reading…

No Shutdown Effect Seen as October Jobs Grow by 204,000

by Nov 8, 2013, 9:55 am ET

Econ index Oct 2013Late-night comedians will have a field day with the October jobs report released in the U.S. today. Shut down the government and job creation soars.

Although the unemployment rate ticked up slightly to 7.3 percent, the 204,000 jobs reportedly created last month so far exceeded what economists were expecting that it lead some to suspect the numbers.

“I find this bizarre,” Mark Zandi told CNBC. “I wouldn’t be surprised if this gets revised to some degree … down.” He is chief economist for Moody’s Analytics, which partners with ADP in producing the HR services firm’s National Employment Report. That report, out last week, said 130,000 private sector jobs were added to the economy in October. keep reading…