National employment report points to sustained job growth
The new ADP National Employment Report, which measures only private, non-farm jobs and not government jobs, says that the economy produced 211,000 new private jobs in the past month.
Private-sector employment increased by 201,000 from February to March on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated change of employment from January 2011 to February 2011 was revised down to 208,000 from the previously reported increase of 217,000.
The average monthly increase in employment over the last four months – December through March – has been 211,000, consistent with a gradual if uneven decline in the unemployment rate. This is almost three times the average monthly gain of 74,000 over the preceding four months of August through November.
After months of seeing the unemployment rate go down only because people were exhausting their benefits and no longer counted, we are finally seeing positive job growth. The Bureau of Labor Statistics releases its employment report on Friday and it is expected to show job growth just short of 200,000.
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