ADP Reports A DROP OF 40,000 jobs in September payrolls.

[Soul Crusher]

ADP Reports A Surprise DECLINE In Jobs
Vincent Fernando, CFA | Oct. 6, 2010, 8:16 AM | 565 |  6
www.businessinsider.com
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ADP reported a surprise decline in jobs for September. The company said that 39,000 jobs were lost, missing expectations for a 18,000 gain according to Finviz. However, the previous month's jobs decline was reported higher, from a 10,000 loss to a 10,000 gain.

ADP:

The decline in private employment in September confirms a pause in the economic recovery already evident in other data. A deceleration of employment occurred in all the major sectors shown in The ADP Report and for all sizes of payroll. The September decline in employment followed seven monthly increases from February through August. However, over those seven months, the average monthly gain in employment was 34,000. There simply is no momentum in employment.

September’s ADP Report estimates employment in the service-providing sector rose by 6,000 in September, the eighth consecutive monthly gain. This increase was not enough to offset an employment decline in the goods-producing sector of 45,000. Construction employment dropped by 28,000 during September and manufacturing employment declined 17,000, the third consecutive monthly decline.

Large businesses, defined as those with 500 or more workers, saw employment decline 11,000 while employment among medium-size businesses, defined as those with between 50 and 499 workers, decreased by 14,000. Employment among small-size businesses, defined as those with fewer than 50 workers, decreased by 14,000.*

In September, construction employment dropped 28,000. Construction employment has declined for over three years and the total decline in construction jobs since the peak in January 2007 is 2,297,000. Employment in the financial services sector dropped 13,000. Financial Services employment has declined for over 3 years.

You can find the release here.



Read more: http://www.businessinsider.com/adp-employment-report-reports-a-surprise-decline-in-jobs-2010-10#ixzz11a8qnGfG


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Was it Big Mal whol told me obama got us out of the recession? 

Fools. 

[Bindare_Dundat]

Toys R Us will be hiring temporary help soonso what are people complaing about?  jobs are everywhere.

[Soul Crusher]

"240 - lets talk issues" 

[BM OUT]

Recovery fall?Dont ask 240 to discuss issues,he is to busy trying to find dirt on Palin and O'donnell.

[Soul Crusher]

Recovery fall?Dont ask 240 to discuss issues,he is to busy trying to find dirt on Palin and O'donnell.

240 - still has not conceded the stim Bill was an absolute failure.  He was supposed to do so back in August and is still dancing around that massive flop. 

I guess $823,000 for Africans to wash their balls aint working out like Obama promised.   

[240 is Back]

brutal 240 obsession guys, really

[BM OUT]

brutal 240 obsession guys, really

As bad as your Palin Obsession?

[Fury]

brutal 240 obsession guys, really

They're just rubbing it in. You reap what you sow. 

[Soul Crusher]

They're just rubbing it in. You reap what you sow. 

This isnt even funny now - This means that Friday's UE number is sure to rise to about 9.7 or 9.8 at least. 

[Soul Crusher]

Food Stamp Recipients at Record 41.8 Million Americans in July, U.S. Says
By Alan Bjerga - Oct 5, 2010 4:46 PM
www.bloomberg.com
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The number of Americans receiving food stamps rose to a record 41.8 million in July as the jobless rate hovered near a 27-year high, the government said.

Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 18 percent from a year earlier and increased 1.4 percent from June, the U.S. Department of Agriculture said today in a statement on its website. Participation has set records for 20 straight months.

Unemployment in September may have reached 9.7 percent, according to a Bloomberg News survey of analysts in advance of the release of last month’s rate on Oct. 8. Unemployment was 9.6 percent in July, near levels last seen in 1983.

An average of 43.3 million people, more than an eighth of the population, will get food stamps each month in the year that began Oct. 1, according to White House estimates.

To contact the reporter on this story: Alan Bjerga in Washington at abjerga@bloomberg.net.

To contact the editor responsible for this story: Steve Stroth in Chicago at sstroth@bloomberg.net.

[MCWAY]

This isnt even funny now - This means that Friday's UE number is sure to rise to about 9.7 or 9.8 at least. 

Stuart Varney said this was coming on Hannity, the other night. If that's the case, that "@$$-whippin' of Biblical proportions" that Michael Moore predicted for the Dems is almost a formality.