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warrior1

(12,325 posts)
Thu Sep 6, 2012, 10:23 AM Sep 2012

More bad news for GOP, jobs report is out.

http://www.dailykos.com/story/2012/09/06/1128388/-ADP-Job-gains-for-August-well-above-expectations-First-time-benefit-claims-fall-to-one-month-low

ADP: Job gains for August well above expectations. First-time benefit claims fall to one-month low

According to Automatic Data Processing's monthly report released Thursday morning, the U.S. nonfarm private business sector added 201,000 new jobs in August on a seasonally adjusted basis. That was a third more than a consensus of experts surveyed by Bloomberg had estimated would be the case. The estimated gain for July was revised up from 163,000 to 173,000.

While ADP numbers often vary considerably from those announced by the federal government each month, the numbers of both tend to move in the same direction. That could mean that the official report on job growth released Friday by Bureau of Labor Statistics will also be better than expected. The consensus forecasts that the number of jobs in the BLS report will be 120,000, well below last month's 163,000.

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More bad news for GOP, jobs report is out. (Original Post) warrior1 Sep 2012 OP
I'd love to be a fly on the wall at Romney/Ryan campaign headquarters ths morning catbyte Sep 2012 #1
Unfortunately, ADP is not very reliable, but a good ADP report is cthulu2016 Sep 2012 #2

catbyte

(34,412 posts)
1. I'd love to be a fly on the wall at Romney/Ryan campaign headquarters ths morning
Thu Sep 6, 2012, 10:27 AM
Sep 2012


They must be thinking this shitstorm is never gonna end. You're reaping what you sowed, mofos!

Edited for typo

cthulu2016

(10,960 posts)
2. Unfortunately, ADP is not very reliable, but a good ADP report is
Thu Sep 6, 2012, 10:29 AM
Sep 2012

better than the alternative. And the ISM Non-Manufacturing Index also increased in August, with employment up sharply.

So though these stats do not reliably predict the BLS report, things are looking good.

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