Economic Report: ADP Jobs Report Shows Growth

Dr. Rick Harper associate vice president of research and economic opportunity.
Dr. Rick Harper, associate vice president of research and economic opportunity.

The jobs report from ADP, the nation’s largest payroll processor, yielded surprisingly good results for the month of November. In this week’s “Economic Report,” Dr. Rick Harper, who leads the University of West Florida Center for Research and Economic Opportunity, spoke with WUWF 88.1-FM’s Sandra Averhart about the report and what it means for the U.S. economy going forward.

“What we’re expecting to see now as a result of the ADP report is a 200,000-net new job gain, when the federal statistics are available, and that’s surprisingly good,” Harper said. “I had said that as the economy gets closer and closer to full employment … that we would see the job creation rate slow and that we wouldn’t see so many of those 200,000-net new job months, but it looks like November is going to be one of them – good performance. President-elect (Donald) Trump is certainly inheriting a good strong economy. The job market continues to look good.”

To read or listen to the complete report, click here.