Private employers added more than 2.5 million jobs in 2014
|
|
|
Posted By: How May I Help You NC on January 07, 2015 by John Kell @johnnerkell January 7, 2015, 9:01 AM EST At the current pace of job growth the economy could return to full employment by this time next year. The U.S. private sector has added more than 2.5 million jobs last year, and some economists say that if the pace of hiring continues, the nation could return to full employment by this time next year. The rosy view can be attributed to the latest employment figures reported by payroll processor Automatic Data Processing and analysis provider Moody’s Analytics. Their report shows private-sector payrolls in the U.S. jumped by 241,000 in December, surpassing the 235,000 increase projected by economists. The U.S. private sector has now added more than 200,000 jobs for four consecutive months. “At the current pace of job growth, the economy will be back to full employment by this time next year,” said Mark Zandi, chief economist of Moody’s Analytics. Full employment is when all, or nearly all, people who are willing and able to work are able to do so. The gain in December was fueled by small businesses, which added 106,000 jobs last month. ADP defines small businesses as those that employ fewer than 49 people. Medium-sized businesses added 70,000 jobs last month, while large businesses (which employ 500 or more people) added 66,000. By sector, the professional/business services and the trade/transportation/utilities industries added the most jobs in December, the report showed. Construction, manufacturing and financial activities employers also added to their payrolls. The labor market had a stellar 2014, with gains in hiring across a range of sectors as U.S. economic growth encouraged many employers to add jobs. 2014 has been the best year for job gains this millennium, as Fortune previously reported. The ADP report is issued two days before the federal government’s monthly jobs report, which includes the unemployment rate. Economists predict that Friday’s December jobs report will show U.S. hiring swelled by 245,000, while the nation’s unemployment rate is expected to dip to 5.7% from 5.8%. Source: http://fortune.com/2015/01/07/private-sect... If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
 |
How May I Help You NC
Management, See Moss Interactive Bellarmine University class of 2021 Member Since January 2011 |
Comments
More From This Author
Latest Career Content
 |
Spending time in a GARAGE Build it Guard it Design it Man Cave itHow many different types of Garages are under construction as we read?
👷🏽♂️Architects
“ How much does an Architectural Intern make in Columbus, Ohio?
As of Feb ...more
How May I Help You NC • 135 Views • February 12th, 2026 |
 |
Unlock Your Entrepreneur Journey — NEXT GEN Info SessionDate & TimeTuesday, February 1710:00 AM PST / 12:00 PM CST / 1:00 PM ESTVirtual EventREGISTER HERE:https://events.teams.microsoft.com/event/a...Tuesday, March 1710:00 AM PST / 12:00 PM CST / 1:00 ...more
Laura Van Brackle Sims • 329 Views • February 9th, 2026 |
 |
Love a little help from my friend: Stevie WonderCurator: Sami YenigunStevie Wonder needs little introduction. His awards and achievements — 25 Grammy Awards, a place in the Rock and Roll Hall of Fame, more than 100 million records sold worldwide — ...more
How May I Help You NC • 374 Views • February 9th, 2026 |
 |
YouTube CEO — 4 Big Priorities for 2026 Neal Mohan@YouTube CEO @nealmohan talks with YouTube Liaison @ReneRitchie about his four big priorities for 2026, including:
⭐️ Reinventing entertainment: Cre ...more
How May I Help You NC • 453 Views • February 8th, 2026 |
Popular Career Content
 |
PAID, federal internships with the Federal Diversity Internship Initiative!The Washington Center Federal Diversity Internship Initiative Now is your chance to apply for paid fall internships with the Federal Diversity Internship Initiative! This is your once-in-a-lifetime op ...more
Reginald Culpepper • 41,909 Views • June 14th, 2017 |
 |
Today's Success Tip: Joachim de Posada says, Don't eat the marshmallow...yetWe were invited to the National Association of African Americans in Human Resource's reception held at the
Atlanta Marriott Marquis during the SHRM conference, and the gift/tip we walked away with w ...more
How May I Help You NC • 41,017 Views • June 29th, 2012 |
