U.S. Companies Added 297,000 Jobs in December, ADP Says

[Still a Democrat]

Companies in the U.S. boosted payrolls in December by the most since records began in 2001, showing a stronger labor-market recovery at the end of last year, data from a private report showed today.

Employment increased by 297,000, exceeding the highest projection in a Bloomberg News survey, after a revised 92,000 rise in November, according to figures from ADP Employer Services. The median estimate in the Bloomberg survey called for a 100,000 gain last month.

...

http://www.bloomberg.com/news/2011-01-05/u-s-companies-added-297-000-jobs-last-month-more-than-forecast-adp-says.html

[hobbit709]

1. how many are still there after Xmas?

[Still a Democrat]

2. "Today’s ADP report showed an increase of 27,000 workers in goods-producing industries"

"It was the biggest gain since February 2006 and the second straight rise. Service providers added 270,000 workers, the 11th straight gain and the most since record-keeping began."

[hobbit709]

3. It's going to take a lot more than 27K production jobs per month to do any good.

[DCBob]

5. This is 3x what economists predicted so clearly its more than just the typical holiday bump..

I think this could be the beginning of a big hiring trend. There is tremendous built up demand and many companies have been hoarding cash. Of course there is reason to skeptical but this along with a number of other recent positive jobs related reports signals good news to me.

[Brickbat]

4. 8 million to go, to wipe out the bikini graph.

[Statistical]

6. Awesome news. Economists were projecting a 100K gain. Gobama economic reocovery clocks in 297K!

The only caution I would issue is ADP numbers tend to have a lot of noise. They often diverge from official jobs report rather significantly. Sometimes the official reports actually comes in better so who knows.

Still this is good news.

Key point:
"by the most since records began in 2001"

This isn't just an OK number, this is an out of the park number.

[Statistical]

7. Good news about the economy .... SINKS LIKE A ROCK.

The most insane unsupported claim about destruction of US economy, collapse of the dollar, or double dip into a depression. 100+ rec and 20 pages of comments.

Sad.

[SidDithers]

9. +1...nt

Sid

[fasttense]

8. Well, good for the ADP

Now if they would only bring those jobs here. Our county unemployment rate is in double digits (12%).

[Statistical]

10. The jobs aren't ADP jobs. ADP is just a payroll company. n/t