ADP Report: Private employers added 216,000 jobs
ADP released the latest installment of their National Employment Report, indicating that the situation for private employment in the U.S. improved in February as private employers added 216,000 jobs in the month.
Today, private staffing and business services firm ADP released the latest installment of their National Employment Report indicating that the situation for private employment in the U.S. improved in February as private employers added 216,000 jobs in the month bringing the total employment level 1.72% above the level seen in February 2011.Skip to next paragraph
Writer, The PaperEconomy Blog
'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.
Pending home sales fall. Shutdown to blame?
Existing home sales fall 3.2 percent in October
Homebuilder activity flat in November
October Employment Situation Report: Better than September, still worse than 2007
Initial unemployment claims down, continued unemployment claims up
Subscribe Today to the Monitor
With today's report, ADP revised back data for 2010 and 2011 showing that the recovery has been fairly consistent with a few spotty periods of sluggishness while more recently, the trend had been picking up momentum.
It's important to note though that the level of jobs is still far below the peak seen in late 2007 and still near the lows seen during the worst period of the "dot-com" recession, the bottom looks to be clearly defined and the trend is looking comparable to past recoveries.
Perusing the rest of the data in the ADP dataset you can see the the economy is currently showing the most growth for small to mid-sized service providing jobs with goods-producing jobs remaining near trough levels.
Look for Friday’s BLS Employment Situation Report to likely show somewhat similar trends.
The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.