The economy keeps cranking under the Biden Administration….

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
 

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This is the 3rd party "private" report (ADP). The Department of Labor numbers will be out this Friday.

Soon to be revised downward. 

Nonfarm payroll growth revised down by 818,000, Labor Department says

Published Wed, Aug 21 202410:37 AM EDTUpdated Wed, Aug 21 20243:37 PM EDT

 

https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html

Idiot still falls for this, every time.

33 minutes ago, Highmark said:

Soon to be revised downward. 

Nonfarm payroll growth revised down by 818,000, Labor Department says

Published Wed, Aug 21 202410:37 AM EDTUpdated Wed, Aug 21 20243:37 PM EDT

 

https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html

August news. Keep up

21 minutes ago, ArcticCrusher said:

Idiot still falls for this, every time.

At least I don’t post Russian memes all day.

56 minutes ago, Mainecat said:

August news. Keep up

Yeah dummy they don't do revisions the same time they are released. 

Edited October 30, 2024Oct 30 by Highmark

I thought I saw an ABC crawl this morning stating job openings are at their lowest level since 2021.  Everyone must be happy right??

Desperation has a shitty stench 🤡

Right on que phase one the daily copy and paste down load from the mothership.

That a boy you are "That Guy" 

 

8 minutes ago, Doug said:

Right on que phase one the daily copy and paste down load from the mothership.

That a boy you are "That Guy" 

 

You’re a mod……lmao

These reports are only accurate if Trump is president or its in twitter. 

12 minutes ago, Mainecat said:

You’re a mod……lmao

And your "That Guy" 

Stop over in the sledding forums

 

create all the jobs you want!!

Nobody to fill them!!!

34 minutes ago, X2700 said:

create all the jobs you want!!

Nobody to fill them!!!

Create an executive order allowing All illegals/undocumented people to work in the USA on day 1 in office

 

STUNNING

On 10/30/2024 at 8:08 AM, Highmark said:

Soon to be revised downward. 

Nonfarm payroll growth revised down by 818,000, Labor Department says

Published Wed, Aug 21 202410:37 AM EDTUpdated Wed, Aug 21 20243:37 PM EDT

 

https://www.cnbc.com/2024/08/21/nonfarm-payroll-growth-revised-down-by-818000-labor-department-says.html

LOL.....rinse, repeat.

29 minutes ago, Zambroski said:

LOL.....rinse, repeat.

You’d be tugging on your junk if your cult leader ever had an economy like we currently have  

20 minutes ago, SnowRider said:

You’d be tugging on your junk if your cult leader ever had an economy like we currently have  

What did you say you cowardly, lying groomer?

Disgusting cuck.  

well this is odd

 

U.S. job growth slowed down in October, coming in well short of economists' expectations, while the unemployment rate was unchanged. 

The Labor Department on Friday reported that employers added 12,000 jobs in October, well below the 113,000 gain that was predicted by LSEG economists.

The unemployment rate was 4.1%, in line with expectations.

The number of jobs added in the prior two months were both revised downward, with job creation in August revised down by 81,000 from a gain of 159,000 to 78,000, while September was revised down by 31,000 from a gain of 254,000 to 223,000.

 

https://www.foxbusiness.com/economy/us-jobs-report-october-2024

How many of those jobs that were created were government jobs?

2 minutes ago, Joe Bidens Brain said:

well this is odd

 

U.S. job growth slowed down in October, coming in well short of economists' expectations, while the unemployment rate was unchanged. 

The Labor Department on Friday reported that employers added 12,000 jobs in October, well below the 113,000 gain that was predicted by LSEG economists.

The unemployment rate was 4.1%, in line with expectations.

The number of jobs added in the prior two months were both revised downward, with job creation in August revised down by 81,000 from a gain of 159,000 to 78,000, while September was revised down by 31,000 from a gain of 254,000 to 223,000.

 

https://www.foxbusiness.com/economy/us-jobs-report-october-2024

Hey dummy - it was predicted with the hurricanes and a couple strikes.  Stick to your Canadian farm 

 

We haven't had hiring numbers this bad since we were in the middle of the pandemic.  12,000 jobs in October, and massive downward revision of August and September of 112,000 combined.

Bidenomics is a disaster.  The economy IS slowing in terms of commercial spending, and companies can't access cheap capital anymore and many are folding up.  Thousands of small businesses are getting wiped out, especially in the venture-backed tech space I play in.

On 10/30/2024 at 5:43 AM, Mainecat said:

The economy keeps cranking under the Biden Administration….

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
 

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This is the 3rd party "private" report (ADP). The Department of Labor numbers will be out this Friday.

It's clear ADP was cooking the numbers for Harris.  The ACTUAL numbers are fucking dismal.  Worst in years.

Moroncat says, "Sounds serious"  ... even though his team is, and continues to be, a colossal failure