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U.S. Company Payrolls Expanded by a More-Than-Estimated 325,000, ADP Says

Published January 05, 2012 ■ Headline News

Bloomberg (01/05/12) Homan, Timothy

Private-sector payrolls increased 325,000 in December, led by the service-providing sector and small businesses, according to the ADP employment report released on Jan. 5. The large gain exceeded the highest projection in a Bloomberg News survey, and is a sign that the U.S. labor market was gaining momentum heading into 2012.

The November level was revised to 204,000 from a prior estimate of 206,000. Observers look to ADP’s report on private-sector payrolls to provide some guidance on the U.S. Labor Department’s jobs estimate, which will be released on Jan. 6 and includes information on both private- and public-sector payrolls.

Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?

Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.

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