Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

BumRushDaShow

(142,386 posts)
Wed Oct 30, 2024, 07:22 AM Oct 30

Private job creation totaled a stunning 233,000 in October, far more than expected, ADP says

Source: CNBC

Published Wed, Oct 30 20248:15 AM EDT


Private-job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labor disruptions, ADP reported Wednesday.

The payrolls processing firm said companies hired 233,000 new workers in the month, better than the upwardly revised 159,000 in September and far ahead of the Dow Jones estimate for 113,000. ADP said it was the best month for job creation since July 2023.

“Even amid hurricane recovery, job growth was strong in October,” ADP chief economist Nela Richardson said. “As we round out the year, hiring in the U.S. is proving to be robust and broadly resilient.”

The numbers counter expectations for a slowdown in October on the heels of two brutal hurricanes — Helene and Milton — that ravaged the Southeast, with Florida and North Carolina getting slammed in particular.

Read more: https://www.cnbc.com/2024/10/30/private-job-creation-totaled-a-stunning-233000-in-october-far-more-than-expected-adp-says.html



This is the 3rd party "private" report (ADP). The Department of Labor numbers will be out this Friday.
10 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

PennRalphie

(278 posts)
1. Fantastic news!!!!!!
Wed Oct 30, 2024, 07:30 AM
Oct 30

This should be in every Kamala Harris ad this week. The economy is booming. Jobs everywhere. People have money to spend, and they are spending it!

I’m so frustrating not seeing ads touting the booming economy President Biden and VP Harris have brought us. Those kinds of ads would convince reluctant voters to come to our side.

Bernardo de La Paz

(50,922 posts)
2. Good timing. It took a lot of care to get the economy to this point. It's the Biden-Harris economy
Wed Oct 30, 2024, 07:34 AM
Oct 30

Good timing but lucky timing in that the data does as it pleases. It is not commanded by Biden or the Deep State or Soros or Mike Johnson's prayers.

Ray Bruns

(4,604 posts)
4. Fake news. Just more illegals getting low wage jobs. Arnold Palmer's penis
Wed Oct 30, 2024, 07:56 AM
Oct 30

Argle Bargle where’s my Big Mac?

NoMoreRepugs

(10,526 posts)
6. Just a thought. IF labor stats are so hard to predict with ALL THE DATA AVAILABLE why is there sooooo
Wed Oct 30, 2024, 10:02 AM
Oct 30

much pearl clutching over Presidential polling numbers that are based on a tiny, easily manipulated set of stats??

Asking for all the sane people here at DU.

BumRushDaShow

(142,386 posts)
8. My shock of all shocks
Wed Oct 30, 2024, 12:08 PM
Oct 30

was at the beginning of this month, actually seeing a couple gas stations here in Philly, that actually had BELOW $3/gal gas (I think one was $2.98 and the other was $2.99). That has not been the case near me in at least a decade or more. Granted, it was just a couple, but still. I got some gas last week and a few more stations were down further, and getting closer to that $3. I think I paid $3.09/gal

IronLionZion

(46,977 posts)
9. Wow, Trump and Vance are boosting the economy from the Biden-Harris recession already
Wed Oct 30, 2024, 03:57 PM
Oct 30


I love how GOP hates any good news for America's economy. They can't admit that Dem economic policies are consistently better than GOP policies.

4lbs

(7,395 posts)
10. We hired 5 more people this month of October.
Wed Oct 30, 2024, 03:57 PM
Oct 30

Each earning $20+ per hour, working 25 to 35 hours per week.

Even though they are considered 'part-time' (because of the weekly hours not being 40), they still get full medical and dental here in CA. The hours are flexible. Two work nights and weekends, two work morning shifts, and one works doing the "heavy lifting" (he's former military used to lifting heavy objects 40, 50, 60 lbs.) throughout the week.

So, yeah, it might be real.

They are working out well, so their hours will be extended to 35 or more as they desire (they will be asked if they can work more, and which days/shifts can be added or extended).

We also added two high-schoolers, but because of federal labor laws (for minors, they being under 18), they can only work at most 4 hours per day. They typically work after school, the afternoon shifts, from around 3pm to 7pm about 3 days per week (their choice), one M,W,F, the other, T,W,Th..

Latest Discussions»Latest Breaking News»Private job creation tota...