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Re: U.S. Job Creation Nears Four-Year High 

By: oldCADuser in FFFT | Recommend this post (2)
Wed, 02 May 12 10:02 PM | 35 view(s)
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April private-sector jobs rise 119K: ADP

May 2, 2012, 8:19 a.m. EDT

WASHINGTON (MarketWatch) -- Private-sector payrolls increased 119,000 in April, led by the service-providing sector and small and medium businesses, according to the ADP employment report released Wednesday. The March level was revised to a gain of 201,000 from a prior estimate of 209,000. Markets look to ADP's report on private-sector payrolls to provide some guidance on the U.S. Labor Department's jobs estimate, which will be released Friday and includes information on both private- and public-sector payrolls. Economists polled by MarketWatch expect the U.S. Labor Department to report Friday that nonfarm-payroll employment rose 163,000 in April, compared with 120,000 in March. They also expect that the unemployment rate remained at 8.2%.

http://www.marketwatch.com/story/april-private-sector-jobs-rise-119k-adp-2012-05-02-819280




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The above is a reply to the following message:
U.S. Job Creation Nears Four-Year High
By: clo
in FFFT
Wed, 02 May 12 9:04 PM
Msg. 41395 of 65535

U.S. Job Creation Nears Four-Year High

May 2, 2012

Gallup's Job Creation Index increased to +20 in April from +18 in March and is now at its best level since July 2008.

While better hiring levels are occurring in the private sector, government workers are reporting job cuts. 

The April Job Creation Index of +20 is based on 36% of workers nationwide saying their employers are hiring workers and expanding the size of their workforce, and 16% saying their employers are letting workers go and reducing the size of their workforce. This is similar to March, when 35% of workers reported workforce expansion at their place of work, while 17% reported workforce reduction.

The current 36% "hiring" figure is the highest since August 2008, and the current 16% "letting go" figure is the lowest since July of that year.

more:
http://www.gallup.com/poll/154406/Job-Creation-Nears-Four-Year-High.aspx


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