Private payroll growth surges in December to end 2019 strong, ADP says

cnbc.com ^ | December 8, 2020 | Jeff Cox

[John W]

Private payroll growth ended 2019 on a strong note, with companies adding 202,000 positions in December in another sign of a healthy labor market, according to a report Wednesday from ADP and Moody’s Analytics.

The total was well above the 150,000 consensus estimate from economists surveyed by Dow Jones and sets the stage for the government’s official count that will be released Friday. Economists expect the Labor Department’s tally to show a gain of 160,000.

In addition to the solid December growth, ADP revised the initial November count of 67,000 up to 124,000.

[jdsteel]

ADP had been coming in low with their estimates ever since Trump has been POTUS. I would not be surprised if these numbers were also adjusted upwards.

[CurlyDave]

Thank you President Trump.

You notice that prior months are usually revised upward under Trump. Under the Kenyan Mohammedan Traitor they were usually “unexpectedly” revised downward.

The stock market will like this report.

[LS]

Aaaannnnnd once again the “estimates” are wrong and underestimate performance. They are wrong nearly 100% of the time and on the low side 90% of the time.

[GailA]

Those states which didn’t pass the $15 min wage will fare better..fast food, niche stores, those already on the brink of bankruptcy it won’t help. Get ready to buy frozen pizza as cost will exceed what most will pay for them. I don’t bag a weeks worth of groceries myself. Those things designed for 4 items won’t hold a week’s worth of groceries.

They are already adding a surcharge for ingredients for Pizza on top of delivery tip..some have stopped delivering at all.

Best get some Tech school education, it never goes out of need. Medical is also going to need more people, as the new FDA drugs cause damage and death.