cloudy
Wednesday May 27th, 2015 1:53AM

ADP: Businesses added 158K jobs in Oct.; weekly UI claims fall to 363K

By The Associated Press
Payroll provider ADP says businesses added 158,000 jobs in October. Meanwhile, the government says weekly first-time unemployment insurance filings fell to 363,000 last week.

ADP said it saw growth in construction, transportation and utilities, financial activities, and services. Manufacturing was the only sector that lost jobs.

ADP says the job gains accelerated from September, when revised figures showed a gain of 114,000 jobs.

ADP is calculating job gains with a different methodology than it had previously used. It had previously reported a gain of 201,000 jobs for September. The new report covers more businesses.

The report only covers hiring in the private sector, so it excludes government job growth.

The Labor Department will offer a more complete picture of October hiring on Friday.

UI CLAIMS

Weekly applications for unemployment benefits dropped 9,000 to a seasonally adjusted 363,000 last week, a level consistent with modest hiring.

The report comes just before Friday's October jobs data, the last broad snapshot of the economy before the presidential election Tuesday. The still-weak job market has been a top issue for voters during the campaign.

The Labor Department said Thursday that the four-week average of claims, a less volatile measure, declined to 367,250. The average has been around that level for three months.

A department spokesman said Hurricane Sandy had no effect on the number of applicants. The report covered the week ending Oct. 27, before the storm reached shore.

But the devastation and economic disruptions that the storm caused this week will likely increase applications for unemployment aid in coming weeks. Workers who have been temporarily laid off because of the storm are expected to seek benefits.

Applications have fluctuated between 360,000 and 390,000 since January. During that time, employers have added an average of about 150,000 jobs a month. That's reduced the unemployment rate from 8.3 percent in January to 7.8 percent in September.

The economy picked up slightly this summer after a sluggish spring. Growth rose to a 2 percent annual rate in the July-September quarter, up from 1.3 percent in the April-June quarter. Consumers and the federal government spent more, and the housing market contributed to growth for the sixth straight quarter.

Still, the economy is growing too slowly to rapidly bring relief to roughly 12 million out-of-work Americans. With the unemployment rate still high, steady growth of more than 3 percent is generally needed to create a sufficient number of jobs.

The unemployment rate fell to 7.8 percent in September. That's the first time the rate has been below 8 percent since January 2009, President Barack Obama's first month in office.

The rate fell because a government survey of households found a huge increase in the number of people who had jobs. Still, a jump in part-time employment accounted for most of the gain.
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Doctors: Blood clot located in Clinton's head
Secretary of State Hillary Rodham Clinton developed a blood clot in her head but did not suffer a stroke or neurological damage, her doctors said Monday. They say they are confident that she will make a full recovery.
3:55PM ( 2 years ago )
Illinois Sen. Kirk to return a year after stroke
Nearly a year after a stroke left him barely able to move the left side of his body, U.S. Sen. Mark Kirk is expected to climb the 45 steps to the Senate's front door this week - a walk that's significant not just for Illinois' junior senator, but also for medical researchers and hundreds of thousands of stroke patients.
3:54PM ( 2 years ago )
U.S. News
Ga. ethics legislation could end free tickets
General Assembly approval next year of a proposed ethics reform measure could endanger an important fall tradition for Georgia lawmakers - free football tickets.
6:26PM ( 2 years ago )
Abortion restrictions, tax changes loom in Ga.
Tax breaks for manufacturers and higher unemployment taxes for employers take effect with the new year in Georgia, but it remains to be seen whether the state's newest abortion restrictions will be enforced.
6:23PM ( 2 years ago )
Business News
Couch names administrative team
Ahead of his scheduled swearing in Friday, Hall County Sheriff-elect Gerald Couch named his top administrative team Monday.
6:28PM ( 2 years ago )
Tech beats Southern California in Sun Bowl
Tevin Washington threw a touchdown pass and ran for another score to help Georgia Tech beat Southern California 21-7 on Monday in the Sun Bowl.
5:54PM ( 2 years ago )
Hall Co. officials launch health-based initiative for employees
Hall County officials believe healthy county employees will be of greater service to the county. With that in mind, they have created a health-based fitness initiative to provide free fitness training for county workers.
5:46PM ( 2 years ago )
Local/State News
Baseball: GHS-Greenbrier title game postponed til noon Wednesday
The deciding Game 3 of the Gainesville-Greenbrier Class AAAAA championship series has been postponed due to repeated inclement weather...
11:34PM ( 21 hours from now )
Van crashes into Lawrenceville daycare
Lawrenceville police are investigating after a vehicle left the roadway and crashed into the side of a daycare center Tuesday afternoon.
10:21PM ( 3 hours ago )
Suwanee City Council approves $11K for Town Center lighting improvements
New lights are on the way to the streetlamps in the Suwanee Town Center following a contract approval Tuesday night by the city council.
7:08PM ( 6 hours ago )
Bat survey, other environmental studies add to price tag for Glades Reservoir project
The price tag for the Glades Reservoir project in north Hall County keeps getting bigger, and the county is still a year away from getting a permit for the project.
5:45PM ( 8 hours ago )
Storms moving through North Georgia, weaken throughout the week
A storm system moving through North Georgia is the same one that caused serious damage in Texas and Oklahoma.
5:18PM ( 8 hours ago )