Back to top

Real Time Insight

This morning, ADP presented markets with welcome data.  Q4 GDP data was sketchy.

The U.S. jobs market is markedly improving.  Private-sector jobs increased +192,000 from December to January on a seasonally adjusted basis.  This beat the expectation of +173,000 jobs.  From November to December, ADP revised down its estimate by -30,000, to +185,000.

For Friday's Federal jobs report, the expectation is for +163,000 January adds.

Looking at the monthly chart, the last weak jobs report (aka below +100K) was back in August 2012, now five months back. 

Highlights on business growth showed small businesses were the ones hiring.  This fits in well with the flat Q4 earnings profile of the S&P500 large cap story.

  • Small businesses (1-49 employees) +115,000
  • Medium businesses (50-499 employees) +79,000
  • Large businesses (500 or more employees) -2,000

The “Industry Snapshot” showed winter construction jobs added were a bit weak, but still positive.  Professional business services jobs added was stronger than seen in six months.

  • Professional Business Services +40,000
  • Trade/transportation/utilities +33,000
  • Construction +15,000
  • Financial activities +12,000
  • Manufacturing -3,000

This number was eclipsed by the weak -0.1% Q4 GDP print this morning, which was riven with major adjustments.  But I noted that consumption growth was +2.2% in Q4, which is “muddle through” activity.

What do you make of these numbers?

Just Released: 5 Stocks to Double

Today, you are invited to download a free Special Report from Zacks Investment Research. It reveals five moves that could gain +100% and more in the next 12 months:

One is a "boring" business delivering blistering growth. Another is a red-hot oil and gas producer set to surge on a drilling breakthrough. Still another, an online payment provider, ignited a 53% sales explosion during the past year.

Close This Panel X

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 2.99 +2.75%
CTPARTNERS… CTP 16.20 +2.02%
THE PANTRY… PTRY 20.99 +1.92%
CHINA BIOLO… CBPO 46.88 +1.77%
PIPER JAFFR… PJC 54.50 +1.62%