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On Wednesday, ADP posted data revealing that private-sector employers added 297,000 jobs in December. This is great news as the most recent data regarding unemployment displayed the national unemployment rate to be at 9.8%. Today, the government is expected to post another report with a positive light. The monthly jobs report will post today and the expectation is that it will show that employers bumped up their payrolls by approximately 150,000 in December of 2010. Unemployment across the United States continues to be a major concern. The Labor Department reported this week that 409,000 people made first time claims for unemployment benefits which is up from the previous week’s numbers when applications fell to their lowest level in more than two years. This is not a good sign. Expectations were high and optimism was abundant considering the numbers that posted earlier. The four week average is still more valid than the weekly numbers and thus optimism remains. The four week average measure fell last week to 410,750 and thus accounted for the lowest level of Americans filing for first time unemployment benefits in over two years. Companies still are not yet willing to hire as many employees as are available and thus the recent unemployment benefit extension will provide many out of work Americans with a needed resource until the employment picture in America improves sufficiently. Author: Stephen Johnson
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