Thursday, January 7, 2010

Still losing altitude

It's not like we don't have any real work to do in USA.  Yet, we are still throwing people out of work--especially in manufacturing.  Note how we are supposed to feel better because Wall Street had predicted a job-loss number close to what occurred.
ADP: 84,000 Jobs Whacked In December, Worse Than Expected 
Vince Veneziani 
The private employment sector lost 84,000 jobs for December. 
The Street was expecting a number around 75k, so while it's not good news, the spread is at least tight. 
Below, the release in full: 
ADP: According to today's ADP National Employment Report®, private sector employment decreased by 84,000 in December. The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP®), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month. more

No comments:

Post a Comment