Michael McKee
👤 SpeakerAppearances Over Time
Podcast Appearances
ADP is out with its monthly estimate of jobs created in the month of December, 41,000, they say.
Annual pay up 4.4 percent.
The change in private employment, of course, is 41,000.
We did get a bounce, and we are expecting a bounce in nonfarm payroll.
So in the sense of direction, yes, they...
They may be offering some prediction, but in terms of numbers, it never works out that way.
Bloomberg's Michael McKee has that.
It is 7,146,000 job openings, which is significantly down from the 7,449,000 in October.
Remember, these are two months delayed.
But people look at the quits level.
The quits level went up to 2% from 1.9.
People feeling a little bit better about being
able to get another job, or at least they did in November.
Annual pay up 4.4%.
The change in private employment, of course, is 41,000.
They don't measure what's happening with government.
In the goods producing area, down 3,000.
Manufacturing off by 5,000.
Construction and mining add 1,000 each.
Service providing jobs, 44,000.