More Good News: ADP Jobs Report: 201k private sector jobs in August

[berni_mccoy]

http://in.reuters.com/article/2012/09/06/usa-economy-employment-adp-idINL2E8K62QF20120906
Plus July numbers revised up to 173k.

201k beats expectations by over 60k.

Furthermore, we are at 20 month low for people applying for unemployment benefits.

Gallup reported Unemployment down to 8.1%, Gov't numbers come out tomorrow.

[nolabear]

1. And the Dow and NASDAQ just closed at a "multiyear high" based on those reports.

This could be very, very good.

[berni_mccoy]

3. NASDAQ hasn't been this high since 2000.

[JoePhilly]

2. Mitt Romney just kicked a puppy ...

[lob1]

4. Great news! I hope speakers mention it at the convention tonight.

[greenman3610]

5. does this give any indication of what the government numbers might be?

traditionally, is this an indicator?

[dmallind]

6. The correlation is very high, but as you'd expect there is variation in both directions

The Fed numbers are highly unlikely to be terrible with a good ADP report, but the numbers are not necessarily close on a discrete basis and, despite what some doomers might claim. may be either higher or lower than the official ones, which after all measure differently.

But it should be a decent to good gain officially with this ADP number yep.