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Author Topic: Private Sector adds 216k jobs in February [Locked]
Akza  2 stars
Posts: 271
Registered: 2002-9-8 18:02:25
http://tinyurl.com/6po73wy

It's all Obummer's fault

 

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Brother_Tempus  3 stars
Title: Patriot
Posts: 985
Registered: 2001-1-9 08:07:00
Zerohedge -

"The traditionally C-grade, and very noisy ADP number, has printed at a 216K private payrolls added, on expectations of 215K, or precisely in line, even as the January print was revised modestly higher from 170K to 173K. Of course, since the track record of the ADP as a NFP predictor is absolutely atrocious, and when one adds that the ADP had its annual revision take place today, this number is all about seasonal adjustments as was the BLS January print. What was amusing is that not only were finance jobs added (+14k), but so were manufacturing (+14K) and construction (+16K) jobs."


 

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theredkay1  3 stars
Posts: 611
Registered: 2008-5-16 10:37:09
These numbers are only good if your expectation was economic disaster.
Yukishiro1  4 stars
Posts: 3,243
Registered: 2002-9-20 23:52:57
Well, it's better than losing jobs I guess.
Ashmaele  4 stars
Title: Pastor of Muppets
Posts: 1,809
Registered: 2002-1-15 08:30:50
It's pretty much always bad no matter what imo. It will never be good again unless Romney wins in November.

 

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Abaddon_Ambrosius  4 stars
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39


I never report the ADP number. It is notoriously unpredictable.

They've even stopped putting the ADP guys on the financial networks most of the time since their 'report' is mainly noise.

 

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