Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Featured, Headlines, Market Studies, News Home / Featured / ADP: Hiring Surges in June Derek Templeton is an attorney based in Dallas, Texas. He practices in the areas of real estate, financial services, and general corporate transactional law. His experience includes time as an Attorney Adviser for the U.S. Small Business Administration and as General Counsel for a nonprofit organization in Dallas. A self-avowed “policy junkie,” he has a keen interest in the effect that evolving federal policy has on the mortgage, default servicing, and greater housing industries. Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Tagged with: ADP Bureau of Labor Statistics Job Outlook The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles July 2, 2014 660 Views Employment in the private sector rose in June at the highest rate in nearly two years, according to the ADP National Employment Report issued Wednesday for the month of June. By ADP’s calculation, private sector employment rose by 281,000 new jobs created, surpassing most already optimistic projections.The increase represents a gain of 102,000 private sector jobs over May’s 179,000 job increase, signaling that employers are accelerating their hiring as demand continues to increase. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.Mark Zandi, chief economist of Moody’s Analytics, said, “The job market is steadily improving. Job gains are broad based across all industries and company sizes. Judging from the job market, the economic recovery remains fully intact and is gaining momentum.”Of particular note to the housing industry, construction payrolls added 36,000 new jobs. Professional businesses services saw the greatest increase, clocking in at a 77,000 job gain.”The June jobs number is a welcome boost,” said Carlos Rodriguez, president and chief executive officer of ADP. “The number of construction jobs added was particularly encouraging, representing the highest total in that industry since February of 2006.”The report could be a good omen for the Obama Administration as it seeks to reassure the American public that the economy is not in danger of giving back recent gains after a lackluster first quarter of 2014. The government issued jobs report from the Bureau of Labor Statistics, encompassing both the public and private sector job rolls, is due out Thursday.The median economist job growth prediction for June, in the Bloomberg monthly survey, forecasts a growth of 205,000 new jobs. Economists also predict that the unemployment rate will hold steady at 6.3 percent. If these numbers hold, it will be a signal to investors and consumers alike that economic fears that discourage spending and investment are unfounded at this point in time. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago ADP: Hiring Surges in June The Best Markets For Residential Property Investors 2 days ago Previous: Delinquency Write-Off Rate Continues to Drop Next: Servicing Temporarily Restricted for Nationstar Last Year Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Derek Templeton ADP Bureau of Labor Statistics Job Outlook 2014-07-02 Derek Templeton Subscribe
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Los Angeles has too many sports teams. It’s probably the only city to offer two options for every sport — Rams or Chargers, Lakers or Clippers, Dodgers or Angels. In a city this stuffed with superstars and national championship bids, it’s nearly impossible to carve out the space for a new team.This couldn’t be more true when it comes to soccer, the fourth-tier sport city’s (or perhaps even fifth or sixth, behind college football and basketball). Los Angeles has seen its fair share of failed soccer ventures — read up on Chivas USA if you need proof of this — and until this year, the hold of the Galaxy and its legion of edge-of-retirement headliners seemed too strong to break.But this season, all of that was proven wrong with the introduction of LAFC. The fledgling club was forced to take on a behemoth of the MLS in rooting itself into the Los Angeles sports culture. It was a David and Goliath story, one that the new team never won on the pitch when the two crosstown rivals met three times throughout the season.And yet, at the end of this season — as LAFC sits in second in the Western Conference, 9 points ahead of a Galaxy team that won’t make the playoffs — it feels as if the new kids won this round. It might be a little early to say this, but I’m going to go ahead and do it. LAFC is soccer in Los Angeles.It’s hard to pinpoint exactly what LAFC did right, but one scene from every home game stands out to me for some reason. In the moments leading up to kickoff, the team flaunts its mascot, Olly, a Red Naped Shaheen that zips around the stadium at 210 miles per hour. Each game, a different celebrity or member of the community holds Olly to begin this ceremony. Last week, it was Meghan Trainor. In weeks past, it was Sophia Bush, Ty Burrell. On the home opener, co-owner Will Ferrell emerged with the bird held high on his fist, screwing up his face in his notorious stank face while lifting his arm in a triumphant stance. And then, while Olly swoops along the stands, the Jumbotron features one of those video of the team, complete with aggressively epic music, to set the rhythm for the bird’s dips and drops.It’s stupid. I don’t mean to sound judgmental, but this ritual is stupid, and it’s exactly the reason that LAFC works so well. A lot of what makes sports great is also what makes it dumb — body paint, cheeseheads, ass slapping, turnover chains — you name it. Sports are silly and dumb and fun, and that’s the point. LAFC captured this spirit of fun, with all its silly excitement and boisterous chants. Perhaps it was best equipped to do so with Ferrell at the helm, attending games and offering support in his unique, witty way. The team leans firmly into the fun of the sport. It invites celebrity guests left and right, hosts fan events on a weekly basis to spur community interaction between players and fans. This team is tangible, accessible. If you wanted to this season, you could meet one of the the team’s leading goal-scorers, Adama Diomande, at an event at a dollar store. Walker Zimmerman, the heart of the team’s defense, regularly daylights as a cook at Pink’s Hot Dogs and Randy’s Donuts. LAFC might be made up of a deep roster of soon-to-be stars, but its emphasis on community involvement has allowed that stardom to feel human. In the end, it’s hard to break down every single thing that LAFC did right. On the field, it assembled a deep team led by two stars — Carlos Vela, a Mexican international player who drew wide support from the majority Latino population of downtown Los Angeles, and Diego Rossi, a 20-year-old who has already become the face of the club’s future.Off the field, the club invested in its people. This simple concept of approaching the community — “street by street, block by block” as one of the team’s slogans reads — shouldn’t feel groundbreaking, yet it was both refreshing and effective.After one last road game against Sporting KC on Sunday, LAFC will head into its first-.ever MLS playoffs. It will bring a fearsome attack, bolstered by Rossi, Vela and Diomande. But more importantly, the team will bring a fierce fanbase, one that will prepare for victory and remain loyal through defeat.No matter the outcome of the postseason, LAFC has won something greater than a championship in its inaugural season. The team has won over Los Angeles.Julia Poe is a senior majoring in print and digital journalism. Her column, “Poe’s Perspective,” runs Thursdays.