ADP report shows 118,000 jobs added in November

posted at 9:41 am on December 5, 2012 by Ed Morrissey

On Friday, the Bureau of Labor Statistics will release the jobs report for November, which will almost certainly show a significant impact from Hurricane Sandy in the northeast.  The ADP report on private-sector employment shows only a stagnation-level gain, but in part that comes because of the “havoc” wreaked by “Superstorm Sandy,” according to economist Mark Zandi at ADP partner Moody’s Analytics. Otherwise, we would have seen an increase of nearly 200,000:

Private sector employment increased by 118,000 jobs from October to November, according to the November ADP National Employment Report®, which is produced by Automatic Data Processing, Inc. (ADP®), a leading provider of human capital management solutions, in collaboration with Moody’s Analytics.  The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.  The October 2012 report, which reported job gains of 158,000, was revised down by 1,000 to 157,000 jobs. …

Mark Zandi, chief economist of Moody’s Analytics, said, “Superstorm Sandy wreaked havoc on the job market in November, slicing an estimated 86,000 jobs from payrolls.  The manufacturing, retailing, leisure and hospitality, and temporary help industries were hit particularly hard by the storm.  Abstracting from the storm, the job market turned in a good performance during the month.  This is especially impressive given the uncertainty created by the Presidential election and the fast-approaching fiscal cliff.  Businesses appear to be holding firm on their hiring and firing decisions.”

Most of the hiring growth came from large businesses, according to ADP’s analysis.  More than half came from companies of 1,000 or more employees; only 13,000 came from businesses under 20 employees.  That shows a lack of innovation in the job-creation market, and perhaps a move of investors to assume low-risk positions by directing capital into proven markets rather than emerging ones.

Manufacturing took a pretty big hit in November.  The sector lost 16,000 jobs, although ADP reports that goods-producing employment rose by 4,000 jobs, thanks to a boost in construction.

Still, ADP tends to report higher numbers than the BLS, although they have recently adjusted their calculations in order to hew more closely to the government trends.  Economists predicted a better number, CNBC reports:

The private sector created 118,000 jobs in November, primarily thanks to service-related jobs, a number that missed expectations ahead of Friday’s closely watched government report.

Economists had expected the report to show 125,000 total private jobs created as the effects linger from Superstorm Sandy and anxiety over the “fiscal cliff” negotiations in Washington.

ADP said the service sector created 114,000 new positions, while goods-producing businesses accounted for the balance of 4,000 jobs. Gains of 23,000 construction jobs offset a loss of 16,000 in manufacturing.

The report is often used as a precursor to the monthly nonfarms payroll report, which the government will release Friday. The economy is expected to have created 80,000 new jobs in November, with the unemployment rate likely to hold steady at 7.9 percent.

Assuming that ADP comes close to the BLS number, this is yet another month of stagnant growth, barely avoiding falling behind in relation to population growth.  We need to add 125,000 jobs a month just to stay in place; 80K is entirely inadequate.  We’ll know a little more tomorrow about what to expect on Friday when we see the weekly jobless claim report, which should be showing a little more decline as the Hurricane Sandy effect wears off, but I wouldn’t expect anything spectacular.

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Fionna is back!!!!! She doesn’t have a smart phone though.

Dingbat63 on December 5, 2012 at 9:43 AM

The imbeciles voted for 4 more years of the same, so be it.

hillsoftx on December 5, 2012 at 9:43 AM

“That young woman” is back in the unemployment line, again!!!!!!!!!

SC.Charlie on December 5, 2012 at 9:43 AM

TEATERrifffffffffic!!!

More please…….and soon!!

PappyD61 on December 5, 2012 at 9:45 AM

Whew! Bark can now head off to his month-long, $4 million vacation knowing the economy is back on track.

Bishop on December 5, 2012 at 9:45 AM

SC.Charlie on December 5, 2012 at 9:43 AM

No. She’s plying her trade. Her Madam is right behind her, with the scheduling book.

coldwarrior on December 5, 2012 at 9:47 AM

I’ll take 80K jobs added and -30K people employed (both on a seasonal basis). I’ll also take U-3 of 8.1% and U-6 above 15%.

Steve Eggleston on December 5, 2012 at 9:47 AM

BTW, welcome back, Fionna.

Steve Eggleston on December 5, 2012 at 9:49 AM

But,but,it’s fixing to bust wide open.

docflash on December 5, 2012 at 9:49 AM

I know – as a small business owner, that when a hurricane hits (as they tend to do in FL) that the first thing I do before I lower the hurricane shutters, bring the patio furniture inside, cut away any branches that may become missiles….

…. I lay off my workforce so when the storm passes – I can’t actually get any revenue.

/s

Defenestratus on December 5, 2012 at 9:49 AM

At least Princess Fiona has free birth control. No job, but free birth control.

sentinelrules on December 5, 2012 at 9:50 AM

Wasn’t the liberal media saying that the hurricane would ultimately HELP the economy (before the election)? You know, construction would go through the roof and people would be buying stuff to replace items they lost and it was going to be GREAT! /s

JennM111 on December 5, 2012 at 9:53 AM

Obysmal is planting the seeds of his own destruction:
http://spectator.org/archives/2012/12/05/planting-the-seeds-of-his-own/

onlineanalyst on December 5, 2012 at 9:57 AM

White House Switchboard typical call in 2014.
After ObamaCare gets fully implemented, we have fewer jobs and you know that whole “you people” thing sinks in.

WH: “Good morning, White House.”"

Citizen: “Oh my garsh, can you helps me?”

WH: “Certainly, we’re from the government, and we’re here to help.”

Citizen: “Well, since I’m unemployed I have a lot more free time to think about stuff and I was in a quandary this morning.”

WH: “uh, yes?”

Citizen: “We’ll could you ask Mrs. Obama if I should use milk on my cereal or eat it dry?”

WH: “Welllllll”

Citizen: “See I’m supposed to be more health conscious and I’m just wondering if the calories are worth it, and should I use a fork or spoon?”

WH: “We’ll good question, first off what type of cereal is it?”

Citizen: “Oh no, I just spilled some milk on the floor. Should I use a fresh paper towel or just a washcloth? I’m trying to be sustainable”.

WH: “First lets address the milk on the floor issue. Certainly Mrs. Obama would appreciate your concern for the environment……..”

DOUBT ME?

PappyD61 on December 5, 2012 at 9:57 AM

but I wouldn’t expect anything spectacular.

“Spectacular” was so Pre-Obama..

Electrongod on December 5, 2012 at 9:58 AM

This reminds me of going to one of those fancy eateries where you get three spoonfuls of whatever you order and they charge you about the price of a side of beef.

Any day now.

platypus on December 5, 2012 at 9:59 AM

PappyD61 on December 5, 2012 at 9:57 AM

Some people here would say you’ve slipped your choke chain again.

platypus on December 5, 2012 at 10:01 AM

http://money.msn.com/business-news/article.aspx?feed=AP&date=20121205&id=15867623

http://money.msn.com/business-news/article.aspx?feed=AP&date=20121204&id=15864100

Citigroup and FedEx getting ready to lay off workers. Oh yeah – things looking better for the future. /

rsherwd65 on December 5, 2012 at 10:04 AM

+1 sentinel rules

cmsinaz on December 5, 2012 at 10:04 AM

Sandy reminds me of an intransigent Republican. She’s a racist stain on the economy.

Slade73 on December 5, 2012 at 10:05 AM

Superstorm Sandy wreaked havoc on the job market in November, slicing an estimated 86,000 jobs from payrolls

Time to ban hurricanes. Somebody should pass a law making them illegaL

Good Lt on December 5, 2012 at 10:09 AM

I thought natural disasters and alien invasions were good for the economy? Paul Krugman?

levi on December 5, 2012 at 10:11 AM

DOUBT ME?

PappyD61 on December 5, 2012 at 9:57 AM

Go away, I’m bating.

LoganSix on December 5, 2012 at 10:12 AM

Fiona lives!!! She doesn’t have a job, but she lives!

Fallon on December 5, 2012 at 10:13 AM

Good Lt on December 5, 2012 at 10:09 AM

Not gonna happen. Not in today’s political climate.

Now, they’ll ban hissacanes….but never hurricanes.

coldwarrior on December 5, 2012 at 10:14 AM

Intransigent hurricanes are holding this country hostage. We need squishy moderate hurricanes.

Slade73 on December 5, 2012 at 10:16 AM

Poised to take off….

vcferlita on December 5, 2012 at 10:18 AM

Fiona?

Help me please.

22044 on December 5, 2012 at 10:18 AM

Sort of OT: Drudge reporting on Detroit Councilwoman saying since the city voted for Obama, he should in return bail the city out with federal money.

I think it’s good to see Obama supporters being honest about why they voted for him.

It will be even better when Obama voters find out the hard way that there is no such thing as “free money”.

Let. It. Burn.

MidniteRambler on December 5, 2012 at 10:20 AM

We need to add 125,000 jobs a month just to stay in place; 80K is entirely inadequate.

B-b-b-but, in 2009, Paul Krugman said we needed to add 300,000 a month over the next five years to keep up with population growth.

Fallon on December 5, 2012 at 10:20 AM

http://www.myfoxdetroit.com/story/20264712/detroit-councilwoman-to-obama-we-supported-you-now-support-us

For you let it burners….. You think ANYTHING is going to burn?

Heck Fahr no, it gonna be bailed out baby…….we’re all gonna pay.

PappyD61 on December 5, 2012 at 10:23 AM

They failed to note this consistently poor report was “unexpected.” I hope they get this right tomorrow. We can’t have inconsistent reporting of the consistently poor jobs numbers.

STL_Vet on December 5, 2012 at 10:23 AM

Sort of OT: Drudge reporting on Detroit Councilwoman saying since the city voted for Obama, he should in return bail the city out with federal money.

I think it’s good to see Obama supporters being honest about why they voted for him.

It will be even better when Obama voters find out the hard way that there is no such thing as “free money”.

Let. It. Burn.

MidniteRambler on December 5, 2012 at 10:20 AM

…problem is…no one told JugEars yet!

KOOLAID2 on December 5, 2012 at 10:26 AM

Not gonna happen. Not in today’s political climate.

Now, they’ll ban hissacanes….but never hurricanes.

coldwarrior on December 5, 2012 at 10:14 AM

That’s gold, coldwarrior. Gold.

Nick_Angel on December 5, 2012 at 10:26 AM

I wanna punch Sandy in her stupid eye

Slade73 on December 5, 2012 at 10:28 AM

Fiona?

Help me please.

22044 on December 5, 2012 at 10:18 AM

I believe “Fiona” is the name given to that woman on the phone in the headline pic.

visions on December 5, 2012 at 10:31 AM

Doing just fine! Obama says ‘economy is poised to take off’; Mockery does take off; Update: Delusional video added
http://twitchy.com/2012/12/04/doing-just-fine-obama-says-economy-is-poised-to-take-off-mockery-does-take-off/

“@BrettLoGiurato: “America is poised to take off,” Obama says of the economy.” “Prosperity is around the corner” Herbert Hoover
(@CTIronman) December 04, 2012

Oh, dear. This is beyond delusional and out of touch. Reminiscent of his absurd “doing just fine” and “headwinds!” comments, President Obama today said that the economy is totally “poised to take off,” during an interview with Bloomberg White House correspondent Julianna Goldman.

Also, metaphors are hard.

Obama, mixing metaphors: “America is poised to take off, and the question is let’s make sure we don’t have a self-inflicted wound”— Edward-Isaac Dovere (@IsaacDovere) December 04, 2012

Obama: The American economy is ‘poised to take off’
http://www.youtube.com/watch?v=_je3pcCrJTw&feature=player_detailpage

Galt2009 on December 5, 2012 at 10:33 AM

http://www.myfoxdetroit.com/story/20264712/detroit-councilwoman-to-obama-we-supported-you-now-support-us

For you let it burners….. You think ANYTHING is going to burn?

Heck Fahr no, it gonna be bailed out baby…….we’re all gonna pay.

PappyD61 on December 5, 2012 at 10:23 AM

”The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money”.

Alexis de Tocqueville

“When the people find they can vote themselves money, that will herald the end of the republic.”

Benjamin Franklin

They can’t take money you haven’t made.

It would seem like we have the lovely choice of a quick decline or a slow painful one.

Fuel the fire and get over with.

Galt2009 on December 5, 2012 at 10:38 AM

Wait, has Zandi always worked for Moody’s or is this job a reward for his public “service”?

Also, construction workers are leaving the country to find work. Canada is recruiting them! That’s what it’s come to. We are now a third world country.

PattyJ on December 5, 2012 at 10:46 AM

We fell into a ring of fire

faraway on December 5, 2012 at 10:50 AM

The “Obama Recession”?

Tater Salad on December 5, 2012 at 10:57 AM

Disgraceful!

http://abclocal.go.com/kabc/html5/video?id=8908885&pid=null§ion=null

I guess these are jobs Canadians won’t do?

Between this and the city banning eating while driving its only a matter of time until some random citizen makes that call to the White House about their breakfast.

And don’t forget the lady that called 911 about her fast food order being jacked up.

Siggggggh

PappyD61 on December 5, 2012 at 11:00 AM

between Sandy and Candy, I’ve sure wanted to punch a lot of girls lately

Slade73 on December 5, 2012 at 11:04 AM

http://www.myfoxdetroit.com/story/20264712/detroit-councilwoman-to-obama-we-supported-you-now-support-usFor you let it burners….. You think ANYTHING is going to burn?

Heck Fahr no, it gonna be bailed out baby…….we’re all gonna pay.

PappyD61 on December 5, 2012 at 10:23 AM

A perfect example of those in the “Gimmedat” party.
I can excect no less from those that voted for Obama.

Jabberwock on December 5, 2012 at 11:09 AM

Wait a minute…I thought Hurricane Sandy would help the economy? All those broken windows need to be fixed, right?

jodisue on December 5, 2012 at 11:09 AM

22044: Fionna was thusly named by someone here a year or more ago when she appeared frequently in unemployment posts. She hasn’t shown up lately…maybe she was working on the Obumba campaign and now that that gig is over, she’s back on the unemployment line. She must be using an Obama phone since that is the one she has had for more than a year.

Dingbat63 on December 5, 2012 at 11:16 AM

Fools, may the demise destroy all who brought Obama, and all your families too. YOU deserve NO less.

p.s. Sandy replaced GWB.

Indecency and excuses rule the stupid land. Enjoy the circus and the clowns.

Starve the Looters, always!

Schadenfreude on December 5, 2012 at 11:22 AM

I had to close my mortgage company down in 2008 because of Sandy.

voiceofreason on December 5, 2012 at 11:26 AM

Jobs are sooooooo yesterday.

Pork-Chop on December 5, 2012 at 11:26 AM

The economy is expected to have created 80,000 new jobs in November, with the unemployment rate likely to hold steady at 7.9 percent.

I predict it the number of new jobs will be lower, probably around 50k With all the recent layoffs, how can the UE rate stay at 7.9? Oh that’s right, I almost forgot (LOL) we have Obamunist hacks faking the government stats, just like the ol’ oo ess ess are.

And a thousand media hacks repeating them to placate the masses.

dogsoldier on December 5, 2012 at 11:28 AM

the “havoc” wreaked by “Superstorm Sandy,”

Hurricane Katrina wreaked havoc, too.

Yet (somehow) Bush-era employment continued to rise, post-Katrina.

It took Superstorm Harry Reid (January 2007- date) to wreak total devestation on US employment.

Terp Mole on December 5, 2012 at 11:32 AM

Fiona?

Help me please.

22044 on December 5, 2012 at 10:18 AM

I believe “Fiona” is the name given to that woman on the phone in the headline pic.

visions on December 5, 2012 at 10:31 AM

You got it.

Steve Eggleston on December 5, 2012 at 11:34 AM

It took SuperstormPedo Harry Reid (January 2007- date) to wreak total devestation on US employment.

Terp Mole on December 5, 2012 at 11:32 AM

Slade73 on December 5, 2012 at 11:37 AM

They can’t take money you haven’t made.

It would seem like we have the lovely choice of a quick decline or a slow painful one.

Fuel the fire and get over with.

Galt2009 on December 5, 2012 at 10:38 AM

Wanna Bet? QE1, QE2, and QE3 have done exactly that by debasing the currency.

chemman on December 5, 2012 at 11:43 AM

They can’t take money you haven’t made.

It would seem like we have the lovely choice of a quick decline or a slow painful one.

Fuel the fire and get over with.

Galt2009 on December 5, 2012 at 10:38 AM

Wanna Bet? QE1, QE2, and QE3 have done exactly that by debasing the currency.

chemman on December 5, 2012 at 11:43 AM

————————————

Thomas Sowell: Fiscal Cliff Notes –

http://townhall.com/columnists/thomassowell/2012/12/04/amid_all_the_political_and_media_hoopla_about_the_fiscal_cliff_crisis_there_are_a_few_facts_that_are_worth_noting/page/full/

Pork-Chop on December 5, 2012 at 11:49 AM

Related:

Citigroup is laying off 11,000. You all may want to check out dailyjobcuts.com too.

http://www.zerohedge.com/news/2012-12-05/citi-firing-11000

dogsoldier on December 5, 2012 at 12:04 PM

22044: Fionna was thusly named by someone here a year or more ago when she appeared frequently in unemployment posts. She hasn’t shown up lately…maybe she was working on the Obumba campaign and now that that gig is over, she’s back on the unemployment line. She must be using an Obama phone since that is the one she has had for more than a year.

Dingbat63 on December 5, 2012 at 11:16 AM

That makes sense – I figured there must be a back story and it looks like this is it.
Thanks!

Thanks also to visions & Steve Eggleston for the responses.

22044 on December 5, 2012 at 12:22 PM

Fallon: how in the hell do you find posts you made a year+ ago. You need a hobby I forgot that you and I had exchanged posts then. At least we’re both still around.

Dingbat63 on December 5, 2012 at 12:35 PM

“Uh…let me be clear…uh…we are poised for a super…ah….um…poised to take off”

royzer on December 5, 2012 at 12:47 PM

I guess it’s not shocking that Hot Air is buying the FALSE Liberal Media Narrative about “the unemployment numbers are GREAT!” and “The private Sector is FINE!”

….they’ve spent the last month IGNORING the fact that the Unemloyment Numbers have been “missing in action” and obfuscate the OBVIOUS efforts of the partisans reporting them to “tweak” them to Obama’s desires…..

williamg on December 5, 2012 at 1:02 PM

Fallon: how in the hell do you find posts you made a year+ ago. You need a hobby I forgot that you and I had exchanged posts then. At least we’re both still around.

Dingbat63 on December 5, 2012 at 12:35 PM

It’s actually rather frightening. I thought, I can’t claim credit for naming her unless I can document it. So, I searched “Hot Air, Fiona, Fallon -Jimmy” and, shockingly, second hit.

Fallon on December 5, 2012 at 1:03 PM

Fallon on December 5, 2012 at 1:03 PM

lol – hats off to you as well for naming her!
When I think of Fiona I think of Shrek’s wife…

22044 on December 5, 2012 at 2:30 PM

I knew I had seen that face before – it’s not ‘Fiona’ – it’s Boy George’s friend ‘Marilyn’ …

http://en.wikipedia.org/wiki/Marilyn_(singer)

Pork-Chop on December 5, 2012 at 3:12 PM

Fionna is back!!!!! She doesn’t have a smart phone though.

Dingbat63 on December 5, 2012 at 9:43 AM

So it’s an Obamaphone, then? Wonder how she voted….

apostic on December 5, 2012 at 3:48 PM

Who cares? Kate is pregnant and not well./

Dr. ZhivBlago on December 5, 2012 at 3:57 PM

75% of Asian immigrants blame the recession on Herbert Hoover.

ardenenoch on December 5, 2012 at 9:18 PM