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Richard DeKaser: ADP report estimates 217,000 jobs added in January

Job seekers line up to enter Choice Career Fair at the Los Angeles Convention Center in Los Angeles, California.

TEXT OF STORY

BOB MOON: Let's turn now to Richard DeKaser with The Parthenon Group, as Boston-based management consulting firm. Good morning.

RICHARD DEKASER: Good morning.

MOON: Let's take that ADP payroll report first. 217, 000 new jobs unofficially -- sounds good ahead of this Friday's government tally.

DEKASER: Well it is good. This is about the third month that we've seen numbers around 200,000 -- that's the best three month string in about five years. So this is the easy one. Employment seems to be rising in the private sector -- good news over all.

MOON: Well -- but what about that report from Challenger, Gray and Christmas? It found the number of planned layoffs at U.S. firms rose in February to its highest level in 11 months -- how do you balance those two?

DEKASER: Well I think in both cases weather is a little bit at play. So for example, in January -- January this year, prior to February -- we had the lowest level of layoffs according the Challenger folks in -- well, ever, since they've been putting out their numbers back in 1993. That was probably due to blizzards. Business etiquette still doesn't require, but holds for laying someone off in a face to face way, so workers showed up again in February and lay offs increased as a result. But I wouldn't take that single month too desperately in isolation. I think what's going on here has been a short term influence of weather.

MOON: And as we say the big number out Friday. Richard DeKaser with The Parthenon Group, as Boston-based management consulting firm. Thanks for your insights.

DEKASER: My pleasure.

About the author

Bob Moon is Marketplace’s senior business correspondent, based in Los Angeles.
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