U.S. Economy Added 179,000 Private-Sector Jobs in May, According to ADP National Employment Report.

Source: ADP®, Automatic Data Processing

ADP NATIONAL EMPLOYMENT REPORT: PRIVATE SECTOR EMPLOYMENT INCREASED BY 179,000 JOBS IN MAY

ROSELAND, N.J. –June 4, 2014 –Private sector employment increased by 179,000 jobs from April to May according to the May ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally adjusted basis.

Goods-producing employment rose by 29,000 jobs in May, up from 21,000 jobs gained in April. The construction industry added 14,000 jobs over the month, down slightly from 16,000 in April. Meanwhile, manufacturing added 10,000 jobs in May, up from April’s 2,000 and the largest number since December last year.

Service-providing employment rose by 150,000 jobs in May, down from 194,000 in April. The ADP National Employment Report indicates that professional/ business services contributed the most to the lower overall number in May - adding 46,000 jobs, down from 75,000 in April. Expansion in trade/transportation/utilities grew by 35,000, the same number of jobs added in April. The 6,000 new jobs added in financial activities was down slightly from 8,000 last month.

"After a strong post-winter rebound in April, job growth in May slowed somewhat,”said Carlos Rodriguez, president and chief executive officer of ADP. “The 179,000 jobs added figure is higher than May of last year and in line with the average over the past twelve months.” ... Mark Zandi, chief economist of Moody’s Analytics, said, "Job growth moderated in May. The slowing in growth was concentrated in Professional/Business Services and companies with 50-999 employees. The job market has yet to break out from the pace of growth that has prevailed over the last three years.”

Chart 1. Change in Nonfarm Private Employment


Chart 2. Historical Trend - Change in Total Nonfarm Private Employment


Read more: http://www.adpemploymentreport.com/2014/May/NER/NER-May-2014.aspx

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ADP non-farm employment change 179K vs. 210K forecast

By Investing.com | Economic Indicators News | Jun 04, 2014 12:15PM GMT

Investing.com - Non-farm employment change in the U.S. rose less-than-expected last month, official data showed on Wednesday.

ADP non-farm employment change 179K vs. 210K forecast

In a report, payroll processing firm ADP said that non-farm employment rose to 179K, from 220K in the preceding month.

Analysts had expected non-farm employment to rise 210K last month.

Good morning, Freepers and DUers alike. I especially welcome our good friends from across the aisle. Please, everyone, put aside your differences long enough to digest the information. After that, you can engage in your usual donnybrook.

What is important about these statistics is not so much this month’s number, but the trend. So let’s look at some earlier numbers.

Bureau of Labor Statistics, for employment in April 2014:

Payroll employment rises 288,000 in April; unemployment rate falls to 6.3%
http://www.democraticunderground.com/1014794234

ADP® (Automatic Data Processing), for employment in April 2014:

ADP National Employment Report Shows 220,000 Jobs Added in April
http://www.democraticunderground.com/1014792358

Bureau of Labor Statistics, for employment in March 2014:

Payroll employment increases in March (+192,000); unemployment rate unchanged (6.7%)
http://www.democraticunderground.com/1014772273

ADP® (Automatic Data Processing), for employment in March 2014:

U.S. Economy Added 191,000 Private-Sector Jobs in March, According to ADP National Employment Report
http://www.democraticunderground.com/1014770525

Bureau of Labor Statistics, for employment in February 2014:

Payroll employment increases in February (+175,000); unemployment rate changes little (6.7 percent)
http://www.democraticunderground.com/1014747923

ADP, for employment in February 2014:

U.S. Economy Added 139,000 Private-Sector Jobs in February, According to ADP National Employment Report
http://www.democraticunderground.com/1014745826

Bureau of Labor Statistics, for employment in January 2014:

Payroll employment rises in January (+113,000); unemployment rate changes little (6.6%)
http://www.democraticunderground.com/1014721228

ADP, for employment in January 2014:

U.S. Economy Added 175,000 Private-Sector Jobs in January, According to ADP National Employment Report
http://www.democraticunderground.com/1014719171

BLS, for employment in December 2013, which was wildly out of line with ADP's figure:

December unemployment rate declines (6.7%); payroll employment edges up (+74,000)
http://www.democraticunderground.com/1014693851

ADP, for employment in December 2013:

U.S. Economy Added 238,000 Private-Sector Jobs in December, According to ADP National Employment Report
http://www.democraticunderground.com/1014691789

One more thing:

So how many jobs must be created every month to have an effect on the unemployment rate? There's an app for that.

http://www.frbatlanta.org/chcs/calculator/index.cfm
Federal Reserve Bank of Atlanta Jobs Calculator™

Well, enough of that. On with the show.