Finally, Good Jobs News, Particularly for the Office Sector
Posted on Wed, Nov 02, 2011
The ADP National Employment Report, created by Automatic Data Processing Inc. in partnership with Macroeconomic Advisers LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month.
Its October 2011 report is good news for the office sector of commercial real estate as the service sector showed a jobs boost of 114,000 positions; but bad news for the industrial sector as manufacturing employment dropped by 4,000 jobs.