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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on September 01, 2010, 05:55:30 AM
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Another Ugly Jobs Number: ADP Says The Private Sector SLASHED 10,000 Jobs In August
Joe Weisenthal | Sep. 1, 2010, 8:15 AM | 547 | 7
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The numbers: Another ugly jobs number. According to ADP, the private sector slashed a net 10,000 jobs in the month of august. Analysts were looking for the creation of 13,000 jobs, so not good. Small businesses slashed 6,000 jobs. Manufacturing fell by 6,000 in august.
This is the first time in several months that ADP has reported net job losses.
The odds that this Friday we'll see a negative print on the government jobs report on the private industry side (a headline negative number is a done deal, thanks to the Census), seems to be increasing.
US futures are still pointing up, however.
Click here for a guide to 15 key economic events happening in the future >
Background: This is a little morsel of a jobs report before Friday's big show. The ADP report is a semi-reliable predictor of what the government jobs data will show. It only looks at private sector hiring (this not skewed by Census). Analysts are looking for a paltry 13,000 new jobs.
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Read more: http://www.businessinsider.com/august-adp-report-2010-9#ixzz0yHXJsetC
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It's bush's fault.
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It's bush's fault.
Palin's fault.
Savage explains Trickle up Poverty
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Once again this proves Joe Biden is the dumbest man in government.What did he say last week with his teeth grinding?"THERE IS NO DOUBT WE ARE HEADED IN THE RIGHT DIRECTION".Anytime this dunce says things like "Im serious" or "there is no doubt" you can bet its 100% wrong as is every position he has had over 30 years in government.But according to 240 he is a very intelligent man.
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Another explanation of Trickle up Poverty
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Private sector unexpectedly cuts jobs in August
Reuters ^ | 090110 | Burton Frierson
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NEW YORK (Reuters) - U.S. private employers unexpectedly cut jobs in August, a report by a payrolls processor showed on Wednesday, delivering another blow to the already faltering economic recovery.
A separate report showed the number of planned layoffs at U.S. firms fell to their lowest level in 10 years though, but there is little to suggest companies are on the verge of hiring on a scale that would lower the unemployment rate.
(Excerpt) Read more at finance.yahoo.com ...
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Unexpected my ass.
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Hope and change, bitches.
Best keep dumping $300k on Spanish vacations and tens of thousands on "goodwill" apology tours for radical Islamists.