Posted on 03/30/2011 4:24:10 PM PDT by SeekAndFind
Ahead of the Labor Department’s March jobs report due out Friday, a private sector report shows employers added 201,000 jobs in March.
The ADP National Employment Report, which is seen as a precursor to the monthly payroll report Friday, said half of the jobs were added at small businesses.
Analysts had forecast the ADP report, which sent stocks higher Wednesday, would show roughly 210,000 jobs created overall.
Investors were encouraged by a strong gain in small business hiring, said Ryan Detrick, a strategist at Schaeffer’s Investment Research.
While not a huge surprise, the report “helped the realization that things are not as bleak as they seemed a few weeks ago,” Detrick said.
Two other encouraging job-related reports came out Wednesday, with a survey of chief executive officers showing most plan to step up hiring, and another showing fewer companies plan job cuts.
According to ADP, employment rose 102,000 at small businesses, 82,000 at medium-size businesses and 17,000 at large businesses.
The average monthly increase in employment over the past four months has been 211,000, ADP said. In the previous four months, the ADP gain averaged just 74,000. The ADP report does not include the government sector.
Economists estimate the economy has to add about 125,000 jobs a month to keep pace with population growth.
In other jobs news, a survey of chief executive officers by the Business Roundtable finds 52 percent of respondents plan to step up hiring in the next six months. That’s the largest proportion for the group since it began surveying its members nine years ago
(Excerpt) Read more at napervillesun.suntimes.com ...
Still half as many as needed per month....
Just trying to set up their “messiah” for 2012. More Fun With Math from the Obama Gang.
Yet I STILL can’t get one single interview..I guess its because I’m in California and we are screwed here so that’s probably the reason..if the economy is supposedly getting better and more people are being hired I sure as heck am not seeing it
Does that represent the spring hiring in lawncare? ;-)
There does seem to be some activity in the middle part of the market. Skilled guys are getting jobs or contracts.
A guy I know, whose contract was not going to be renewed at the place he is, called me today and told me he had gotten a much better one. Better work, higher hourly rate, longer term.
Common people....the real reason people are finding jobs is their 99 week unemployment is starting to run out.
My niece is perfect example, she just “accepted” a job starting next week after collecting unemployment for almost 2 years.
Since when is ADP part of the “Obama Gang?”
If you are a contractor, you are required to pay FUI and SUI. However, if you lose your job, you are not eligible to collect unemployment compensation.
They consider this unfair, but at least they don’t loaf for 99 weeks.
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