ADP: Private Employment increased 176,000 in June
Submitted by
CalculatedRisk on Thu, 07/05/2012 - 5:21am (22 comments)
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Nooooo....c'est impossible!
I can't recall the last time the ADP report successfully predicted the official report.
DOH!
which one do you believe, Lou?
Today‟s estimate, if reinforced by a comparable reading on employment from the Bureau of Labor Statistics tomorrow, likely will ease concerns that the economy is heading into a downturn.”
Combined with the reports of the rate cuts and BOE QE - well, that's some containment.
It's all containmented.
C
This is certainly reassuring news. So happy that everything is fixed. I'm sure this will be reflected in my bank account soon.
Lou Minatti wrote:
It won't likely mesh with the Non-Farm numbers this month. Based on Gallup data, there was a massive move from part-time to full-time workers in the second half of June. That would be AFTER the polling week that the BLS uses.
So, the BLS non-farm will probably be much weaker, (+90k or so) ... but based on the Gallup data in mid-month coupled with standard seasonal adjustment factors, the U3 could drop as much as 2/10th to 8.0.
Gives a new meaning to Limbaugh Nation:
Prescription drug addiction among pregnant women becoming 'monstrous tidal wave' - Rock Center with Brian Williams
160K were service sector jobs. McJobs will save us!
Funny, I was excited that we are basically at zero for job growth/population.
Lou, yes - I can't either.
Hmmm ... three posts already today and weekly claims is just coming up. Sorry about all the
Weekly U.S. jobless claims drop 14,000 to 374,000 - MarketWatch
The number of Americans who filed requests for jobless benefits declined by 14,000 last week to 374,000, the lowest level in six weeks. Claims from two weeks ago were revised up to 388,000 from an originally reported 386,000, according to U.S. Labor Department data.
three posts already
You thinks thats rough. Try commenting all day long...now thats hard.
Nothing to see here:
BREAKING: The new U.S. #Drought Monitor report says 56% of the Lower 48 is in drought - the most in the 12-year history of the report.
Yessss!
Counterpointer wrote:
Infocontainment?
well,, I would say this throws a dose of cold water on the recession flame. Conjure may need to back his clock up, again.
Meh, A bunch of service sector summer jobs are not going to save us...honest. Delay the inevitable maybe.
(AP) WASHINGTON - The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report.
Report: Countrywide won influence with discounts - CBS News
Workrate FTW!
'Merican productivity climbs in H2.
C