Private payrolls rise by 157,000 in June: ADP

[babylonsister]

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July 7, 2011, 9:31 a.m. EDT
Private payrolls rise by 157,000 in June: ADP

By Greg Robb, MarketWatch



WASHINGTON (MarketWatch) — Private-sector employment rose 157,000 in June, according to Automatic Data Processing Inc.’s employment report released Thursday, in what could be a signal that the recent economic soft patch may not last long.

The headline number surprised Wall Street, coming in more than double the 70,000 increase expected by economists.

With the report typically considered the first stab at counting job gains each month, markets will be watching the ADP data closely because last month’s report accurately predicted the sharp drop in nonfarm payroll subsequently reported by the government for May.

more...

http://www.marketwatch.com/story/private-payrolls-rise-by-157000-in-june-adp-2011-07-07

[panader0]

1. My rec brought this back to zero.

Why would anyone unrec this news? Weird stuff going on in here lately.

[Tennessee Gal]

2. Very weird. nt

[FogerRox]

6. Its a poll, and has little bearing on the actual numbers that came out

a day or 2 later. Plus, Workforce expansion was about 150k, so that would leave 7k net job increase.... sigh.

[Phx_Dem]

7. The unrec'rs are like the GOP. They're rooting for failure.

It's disgusting.

[Cereal Kyller]

8. And they seem to be here in force today

Like I said earlier: Either trolling or throwing a hissy fit.

[Zenlitened]

3. Um, are you aware of the BLS report that came out the following day? - n/t

[Palmer Eldritch]

4. That's a damn good report. Double Dip Schmubble Dip

[ClarkUSA]

5. This news will be as unheralded by MSM & Obama critics as the recent 18K report was widely bemoaned.