KHH1

By Jim Puzzanghera, Los Angeles Times (TNS)

WASHINGTON — Private-sector job growth accelerated in December with U.S. businesses adding 241,000 net new jobs, payroll firm Automatic Data Processing said Wednesday.

The figure was an increase from 227,000 in November, which was revised up from an initial estimate of 208,000.

Economists had forecast December job growth to be 235,000.

“The job market continues to power forward,” said Mark Zandi, chief economist of Moody’s Analytics, which assists ADP in preparing the report.

The ADP data is watched closely as a harbinger of the Labor Department’s jobs report, which covers private- and public-sector hiring and is scheduled to be released Friday.

Economists expect that report to show job growth slowed in December to 245,000 after a surprisingly strong November in which payrolls expanded by 321,000.

If they’re close to correct, December would be the 11th straight month the economy added more than 200,000 net new jobs

The unemployment rate is forecast to have ticked down to 5.7% last month, which would be the lowest since mid-2008.

ADP said there were broad-based job gains in December.

Manufacturers increased their payrolls by 26,000, up from 16,000 in November.

Another high-paying job sector, construction, increased its hiring as well.

Firms added 23,000 net new jobs in December, compared with 20,000 the previous month.

The service sector also boosted its hiring, adding 194,000 net new jobs after a 187,000 increase in November.

AFP Photo/Justin Sullivan

Antisocialist Loc: Florida

The US needs to add an average of 250,000 new jobs each month to generate enough new payroll taxes to cover the new interest payments on the National Debt Obama adds each year.

Let me know when we get there.

Super Dave Loc: Realville, USA

I can't wait for 'Recovery Summer'..
Oh.. Wait.

That was 2010....

KHH1

Would you rather we be headed in the direction we were headed in before Pres. BHO.....we have 54 months of straight job growth NOW**

Antisocialist Loc: Florida

Part time retail jobs.

KHH1

ADP said there were broad-based job gains in December.

Manufacturers increased their payrolls by 26,000, up from 16,000 in November.

Another high-paying job sector, construction, increased its hiring as well.

Firms added 23,000 net new jobs in December, compared with 20,000 the previous month.

The service sector also boosted its hiring, adding 194,000 net new jobs after a 187,000 increase in November.

Antisocialist Loc: Florida

The US needs 250,000 new jobs added every month just to add enough new revenue to the Treasury to cover the interest (only) payments on the new (and only new) debt Obama is adding to the National Debt.

Let me know when we get there.

Oh, and when interest rates go above 4% which they almost certainly will, we'll need more than 500,000 new jobs each month to cover the interest payments on Obama's debts.

Ve'hoe

Private sector,,, jobs,,, created by the Private sector OIL booms,,, not the pres,,,, obama couldnt stop these jobs...

otherwise, if we only had obamas plan we would still be heading downward....

Super Dave Loc: Realville, USA

3 months ago {after 51 strait months of what Obama and low-information people call "Job Growth"}

Labor Force Participation Falls To Its Lowest Rate Since 1978
Andy Kiersz
Oct. 3, 2014, 9:24 AM
Read more: http://www.businessinsider.com/labor-force-participation-rate-september-2014-2014-10#ixzz3OGUHHzdw

I guess your degree in "Rocket Science" didn't cover economics 101.

Don't get me wrong. I'm glad that it's starting to slowly get better.

Any fool can see it's taken about 4-5 years longer to get to this point than it would have taken under Bush or any other President that preferred Americans to be off of welfare and at work.

Antisocialist Loc: Florida

Guess who was POTUS in 1978; the former worst president ever.

KHH1

**technology, outsourcing and retirements...mostly technology...remember when PEOPLE used to build cars? Apply that philosophy across various sectors...and don't let the Rocket science bother you...it is kool to be able to elaborate on the technical concepts and b***h-slap a pussy like you at the same time...it is called variety..haha

Super Dave Loc: Realville, USA

Hahaha.

Have you noticed that when a knee-jerk liberal is confronted with proof of his/her/it's ignorance they almost always double down on stupid to avoid admitting their own errors?

Necessity is the mother of invention. Automation was necessary because PEOPLE were less efficient, thanks in large part by the government sanctioned union monopoly on PEOPLE that used to build cars.

Fax machines were invented in large part because of the Postal Union's lack of efficiency.

So, in the long run... Unions and Democrats that support them do manage to have unseen benefits to their corruption.

Ve'hoe

This is "fun" isnt it???

Libs cant even remember how f-ed up they were!!!

They even forgot it was THEM who owned s***es!!

Ve'hoe

Yes, I have termed it the "double dumb" syndrome..

Ve'hoe

If you were only "right" that would make it effective too,, but you of course are you,,, and a liberal,,, so neither is likely based on past and present performance of the gelatinous muck you affectionately call brains....