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

[BumRushDaShow]

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.

[PennRalphie]

1. Fantastic news!!!!!!

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]

2. Good timing. It took a lot of care to get the economy to this point. It's the Biden-Harris economy

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.

[riversedge]

3. Hoping so many are enjoying better lives.

[Ray Bruns]

4. Fake news. Just more illegals getting low wage jobs. Arnold Palmer's penis

Argle Bargle where’s my Big Mac?

[twodogsbarking]

5. But October isn't over yet. Do they have the numbers for November and December too?

[NoMoreRepugs]

6. Just a thought. IF labor stats are so hard to predict with ALL THE DATA AVAILABLE why is there sooooo

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.

[llmart]

7. Plus...

I only paid $2.79 a gallon for gas yesterday! Where's the reporting on that?

[BumRushDaShow]

8. My shock of all shocks

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]

9. Wow, Trump and Vance are boosting the economy from the Biden-Harris recession already

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]

10. We hired 5 more people this month of October.

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..