Private payrolls add 253K in May vs. 185K est.: ADP

[Right_in_Virginia]

Private payrolls add 253K in May vs. 185K est.: ADP
CNBC, Jun 1, 2017

Job creation surged in May thanks to a jump in construction positions and a boom in professional and business services, according to a report Thursday from ADP and Moody's Analytics.

Private payrolls increased by 253,000, well ahead of expectations. Economists surveyed by Reuters expected the report to show that private payrolls grew by 185,000 in May from 174,000 in April.

The growth "is three times the rate of the growth in the underlying labor force," Mark Zandi, the chief economist at Moody's Analytics, told CNBC. "So that means the unemployment rate, which is 4.4 percent, is quickly headed to 4 percent. This labor market is rip-roaring and getting really tight."

Services broadly led the way with 205,000 new jobs, with professional and business services contributing 88,000 — its best month in about three years — and education and health services adding 54,000.


More:  http://www.cnbc.com/2017/06/01/adp-private-sector-payrolls-may-2017.html

[SirLinksALot]

OK, What is the LABOR FORCE PARTICIPATION RATE? IS IT TRENDING UP, DOWN OR THE SAME.

That tells me everything I need to know about the ease or difficulty of finding a job for most folks.

[rangerrebew]

Boom: Private Sector Job Report Shows Job Growth is ‘Rip-Roaring’
 
By Rusty | Featured Contributor | June 1, 2017 10:57AM

A freshly released report from payroll processor ADP indicates the private sector has added 253,000 jobs in May, far outpacing expectations and leading a chief Moody’s economist to declare that “job growth is rip-roaring.”

In other words, while Democrats are screaming about Russian scandals, the popular vote, and the secret meaning of ‘covfefe,’ President Trump has been implem

Read more: http://thepoliticalinsider.com/jobs-created-in-may-rip-roaring/#ixzz4imaiq3yL

[Night Hides Not]

OK, What is the LABOR FORCE PARTICIPATION RATE? IS IT TRENDING UP, DOWN OR THE SAME.

That tells me everything I need to know about the ease or difficulty of finding a job for most folks.

I also pay close attention to U-6.