Private Sector Added 158,000 Jobs In October, Highest In 8 Months, ADP Says

ADP jobs report new jobs

NEW YORK -- U.S. companies added 158,000 jobs in October, data from a payrolls processor showed on Thursday, in a revamped report on the private sector labor market. That was the most private sector jobs added in eight months, according to Bloomberg.

The historical data for the ADP National Employment Report was revised as part of the new methodology, which was used for the first time in the October report. September's increase has halved to 88,200 new jobs from an initially reported 162,000.

Economists had forecast that October's report would show a gain of 135,000 jobs, according to a Reuters poll.

More: U.S. Weekly Jobless Claims Dropped Again

Economists often refer to the ADP report to fine-tune their expectations for the non-farm payrolls report due on Friday, though it's not always accurate in predicting the outcome. The overhaul is meant to bring ADP's numbers more in line with the government's final revised jobs figures.

According to a survey by Bloomberg, the Labor Department report tomorrow may show private sector jobs increased by 124,000 in October while unemployment rate crept up to 7.9 percent.

AOL Jobs contributed to this report.


ADP Report Says Private Sector Added 158,000 Jobs




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Mona

I think there are more jobs (if there really are) is because employers feel that Mitt Romney will win and get rid of Obamacare. If Obama wins we can look for businesses laying people off.

November 05 2012 at 10:40 AM Report abuse +1 rate up rate down Reply
Holli, Chaney

Seasonal Hires
": Breaking with its past practice, Wal-Mart Stores Inc. (NYSE: WMT) said today that it plans to hire about 50,000 seasonal workers and to boost hours for its regular"

Kohl's to hire more than 50,000 - Sep. 18, 2012


Amazon to hire 50,000 seasonal workers for U.S. jobs - Oct ...

FedEx to add 20,000 seasonal workers, sees shipping up 13 pct ...

2012/10/1 - Macy's to Hire 80,000 Seasonal Workers, Up 2.5% ...

Target Corp. (TGT) said it plans to hire 80,000 to 90,000 seasonal employees this holiday season, down from the 92,000 added last year

UPS To Hire 55,000 Seasonal Workers - Careers Articles

Home Depot to hire 70,000 seasonal workers - MarketWatch

Integrity Staffing Solutions To Add Thousands Of Workers For ...

That's over 300,000 seasonal jobs right there. HOW in the world could we only add 170,000 job unless the other sectors are laying people off fast.

November 05 2012 at 5:35 AM Report abuse +1 rate up rate down Reply
freethedems2012

Only welfare bums and Commie types still support Obama.

November 03 2012 at 4:00 PM Report abuse +1 rate up rate down Reply
jeniusboy58

Yes, I believe nationwide there was that many yard sales in October. Way to go Obama!

November 02 2012 at 6:39 AM Report abuse +5 rate up rate down Reply
nywf6439

Hey AOL, this is new methodology for ADP, there is nothing to base this report on other than last months revision to 88,000 jobs created from 162,000 under there old method. This headline has no merit at all because the baseline is only a one month old report.

November 01 2012 at 9:42 PM Report abuse +3 rate up rate down Reply
freethedems2012

They're cooking the books for Obama.

November 01 2012 at 7:57 PM Report abuse +3 rate up rate down Reply
muncie4u

Around 10,000 people Retire each day...That's 300,000 a month. So roughly half of those jobs are being filled and we are suppose to be happy!! Mr Obama's plan is full of BS...time to move on to something better

November 01 2012 at 7:44 PM Report abuse +3 rate up rate down Reply
larry

I don't believe a word of this. It's 5 days before election and miraculously, the best report in 8 months ??? That's bulls**t. You absolutely cannot trust the main-stream media or the Obama administration. They lie, manipulate the data, and conspire to cover-up. And the "main-stream-media" is a major contributor to the manipulation, cover-up and miss-imformation given to the American public. This is totally political nad meant only to lie to voters, immediately before election. Odd how everything seems to be coming together, just hunky-dorey and the greatest improvement just 5 days before election than in the last four years. It's called "dirty politics".

November 01 2012 at 6:41 PM Report abuse +3 rate up rate down Reply
Tom

How bogus is it to count the report as 158000 when there's a revision of negative 88000 from the previous month? If that is allowed to be propogated as a valid number, all the forces trying to help Obama stay in office would have to do would be to report 200,000 new jobs every month then take 110,000 off that count the following month. Get real people.

November 01 2012 at 3:42 PM Report abuse +5 rate up rate down Reply
debnaert

Black Unemployment has gone from 11% in 2008 to 15% today! Martin Marietta JUST announced that they are laying off 160 THOUSAND workers before XMAS. You can't dispute those facts! And the numbers from NJ, NY and PN, have NOT come in to the labor dept yet because of the storm.... so the figures are incorrect.

November 01 2012 at 3:18 PM Report abuse +3 rate up rate down Reply

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