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
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