Current Weather
The Spy FM

Employers Added 206,000 Jobs This Month, Report Signals

Filed by KOSU News in Business.
November 30, 2011

The nation’s private employers boosted their payrolls by 206,000 jobs this month, according to the widely watched ADP National Employment Report.

That’s well above the 130,000 increase that economists had been expecting the report would show, Reuters reports.

Produced by Automatic Data Processing Inc. and Macroeconomic Advisers, the ADP report is something of a preview each month of the even more anxiously anticipated employment report from the Bureau of Labor Statistics — which comes out Friday at 8:30 a.m. ET. So it could be a sign that BLS will also say there was solid, if unspectacular, job growth vs. October.

Also this morning, the outplacement firm Challenger, Gray & Christmas released its monthly report on layoff plans at the nation’s employers. It shows a recent dip in layoff announcements, but underscores how tough the labor market has been for most of the year. The firm says that:

“The number of planned layoffs announced in November remained virtually unchanged from the previous month, as U.S.-based employers reported job cuts totaling 42,474, down 0.7 percent from 42,759 in October. …

“November job cuts were down 13 percent from the same month a year ago when employers announced plans to cut 48,711 jobs from their payrolls. November marks the second consecutive month of lower job cuts after surging to a 28-month high of 115,730 in September.

“With one month remaining in 2011, job cuts for the year total 564,297, officially surpassing the 2010 year-end total of 529,973. The 11-month total is 13 percent higher than the 497,969 job cuts announced over the same period a year ago.”

[Copyright 2011 National Public Radio]

Leave a Reply

9PM to 5AM The Spy

The Spy

An eclectic mix of the Spy's library of more than 10,000 songs curated by Ferris O'Brien.

Listen Live Now!

5AM to 9AM Morning Edition

Morning Edition

For more than two decades, NPR's Morning Edition has prepared listeners for the day ahead with two hours of up-to-the-minute news, background analysis, commentary, and coverage of arts and sports.

View the program guide!

9AM to 10AM The Takeaway

The Takeaway

A fresh alternative in morning news, "The Takeaway" provides a breadth and depth of world, national and regional news coverage that is unprecedented in public media.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center