{"id":3403,"date":"2011-02-02T06:57:18","date_gmt":"2011-02-02T13:57:18","guid":{"rendered":"http:\/\/www.jasonapollovoss.local\/?p=3403"},"modified":"2018-09-21T02:08:17","modified_gmt":"2018-09-21T06:08:17","slug":"private-sectors-jobs-in-january","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2011\/02\/02\/private-sectors-jobs-in-january\/","title":{"rendered":"Private sectors jobs in January"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">This morning payroll giant Automatic Data Processing announced its monthly payroll survey results.\u00a0 The numbers are encouraging vis-a-vis the unemployment rate in the United States.\u00a0 In January the private sector added 187,000 jobs.\u00a0 This compares to an expected result of 143,000 by an consensus of economists.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px;\">However, December&#8217;s gigantic jobs add number was revised significantly downward to an increase of &#8220;only&#8221; 247,000 relative to the earlier reported increase of 297,000.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px;\"><strong>Analysis:<\/strong> This news is very positive for the economy.\u00a0 More jobs is more money in the pockets of each of us.\u00a0 More money in the pockets is likely to lead to a more confident consumer.\u00a0 A more confident consumer will likely spend more and that will embolden businesses to do even more hiring.\u00a0 In effect this is a very, very positive thing for gross domestic product (GDP).<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px;\">Another encouraging sign is that 97,000 of these new jobs are thought to have been added at small employers.\u00a0 The reason I say that&#8217;s a good thing is that <a href=\"https:\/\/jasonapollovoss.com\/web2010\/12\/10\/its-chickens-that-sit-on-eggs\/\" target=\"_blank\" rel=\"noopener\">large businesses are sitting on lots of cash and yet they are not spending it<\/a>.\u00a0 Typically the more risk averse class of business is small business.\u00a0 Thus, once big businesses start hiring there should be a magnified effect that will bring the unemployment rate down more quickly.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px;\"><strong>Importance grade:<\/strong> 9; this year is going to be the year in which the unemployment rate of the United States finally starts to come down.\u00a0 This data from ADP today, when combined with December&#8217;s data, is a solid foundation for hiring for the entire year.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This morning payroll giant Automatic Data Processing announced its monthly payroll survey results.\u00a0 The numbers are encouraging vis-a-vis the unemployment rate in the United States.\u00a0 In January the private sector added 187,000 jobs.\u00a0 This compares to an expected result of 143,000 by an consensus of economists. &nbsp; However, December&#8217;s gigantic jobs add number was revised [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-3403","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/3403","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=3403"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/3403\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=3403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=3403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=3403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}