The pace of new home sales in September rose nearly 6% vs. August and is up 27% vs. a year ago, the Census Bureau reports, offering more evidence that the housing market continues to improve. The volume of new sales is still far below the pre-Great Recession levels, but in the here and now it’s no trivial matter that residential real estate is on the mend. Housing, after all, is said to cast a long shadow on the economy through a variety of channels, and so every month of improvement brings a bit more confidence for thinking that the economy can continue to muddle forward.

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ADP and Moody’s Analytics Enhance ADP National Employment Report
Press release via ADP | Oct 24
ADP, a leader in human capital management services, and Moody’s Analytics, a leading independent provider of economic forecasting, today announced enhancements to the ADP National Employment Report, ADP’s widely followed gauge of U.S. nonfarm private sector employment. The newly expanded ADP National Employment Report will be issued each month by the ADP Research InstituteSM, a specialized group within ADP that provides insights around employment trends and workforce strategy. The first enhanced monthly report issued in collaboration with Moody’s Analytics will be released on November 1, and will report private payroll changes for the month of October 2012.

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