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ADP Shows 206,000 Private Sector Jobs

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

In news that bodes well for national unemployment, ADP said the private sector added 206,000 jobs. The numebr was expected to be closer to 150,000. National unemployment figures from the government to be released tomorrow will show the extent to which a loss of jobs in the public sector may erode total gains. Austerity at all levels of government have cause jobs losses.

Most of the news jobs were added by small businesses. In that sector, employment rose by 110,000 compared to 84,000 among medium sized businesses and 12,000 at large companies

* Small businesses represent payrolls with 1-49 employees          ** Medium businesses represent payrolls with 50-499 employees          *** Large businesses represent payrolls with more than 499 employees

The services sector dominated jobs additions, with a net rise of 178,000.

The company said in its main announcement

The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP(R)), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month. The estimated gain in employment from September to October was revised up to 130,000 from the initially reported 110,000

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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