ADP Job Growth

We at Berman Larson Kane (https://www.jobsbl.com) strongly agree with today’s Wall Street Jounel job growth perdiction: 

 “Early Wednesday, the Labor Department said third-quarter nonfarm business productivity swelled at a 6.3% annualized rate, up from the previous estimate of a 4.9% increase. Last quarter’s gain was the biggest in four years and nearly triple the 2.2% rate in the second quarter. The third-quarter productivity revision was slightly above Wall Street expectations of a 6.2% rise, and reflects last quarter’s mix of strong economic growth data with slower gains in payrolls.

“An employment indicator published Wednesday by payrolls giant Automatic Data Processingand consultancy Macroeconomic Advisers reported an increase of 189,000 in U.S. private-sector jobs in November. That compares with an expected 60,000 increase forecast by economists in a Dow Jones Newswires survey.

“The ADP report comes ahead of key government data on the labor market due Friday. Economists are forecasting nonfarm payroll growth of 77,500 in November, compared with an increase of 166,000 in October.”

Our little microcosm her at BLK is in total agreement with the ADP survey and continue to see a influx of orders for what should be a slow month December…”let the hiring continue”

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