Posted on 05/02/2012 5:43:29 AM PDT by Rennes Templar
NEW YORK (Reuters) - Private employers added 119,000 jobs in April, far fewer than expected, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 177,000 jobs. The report is jointly developed with Macroeconomic Advisers LLC.
(Excerpt) Read more at news.yahoo.com ...
That was expected.
Ten bucks says that Osama’s Dept of Labor will report 750,000.
That’s the cue for the BLS to get cooking for Friday’s employment numbers release.
Look for a report of 280,000 new jobs and 7.9% unemployment... there’s a reelection to be won!
The market is more than just stalled, they know it, we know it and there comes a time when even trying to cook the books cannot hold up the floodgates from the force of the crapstorm coming through it.
Rut Roh...
Aaah! The business strategy of President Barack "Hope" Obama.
Unexpected..everyone drink
ADP misses, mortgage refis lower than Administration hoped.
From Zero Hedge!
Economists only missed that estimate by about 48%.
Me thinks we need some new ‘economics’ experts.
My dog knows more about economics than those bozo’s, if they had dynamite for brains, they would’nt have enough to blow their hat off.
ADP misses, mortgage refis lower than Administration hoped.
From Zero Hedge!
Rut Roh
Expect the unexpected when the media reports bad news for Obama. They will spin this as being a result of Bush’s policies and GOP obstructionism. Never mind that Obama said that the 2009 $787,000,000,000 porkulus would be adding half a million jobs a month by now, and millions of green jobs as well. They will simply move the goalposts, lie through their teeth, and their worshipers in the MSM will report it as gospel truth.
“March’s private payrolls figure was also revised down to an increase of 201,000 from the previously reported 209,000.”
NOW do you understand why Obama went to Afghanistan for a photo-op and speech, folks???
That photo reminds me of the original Star Trek monster that could shape shift and suck sodium out of the body. Yeesh.
I’m betting those who were hired are getting far fewer than expected weekly hours. It’ll be interesting to see how many summer jobs there are this year. I know in TX that the state still has summer job postings listed on the web but the individual departments have been told they won’t get the funding for the positions. Trying to save face from any msm looking into it? Trying to use fuzzy math on the employment outlook? Maybe.
and how bad can things get.....well
BREAKING NEWS: March factory orders fall 1.5 percent, largest drop in three years - Reuters
BLS jobless numbers have been tracking upwards, ADP private sector new job creation has cratered hitting only 67% of expectations, and Obama's Ministry of Truth says private payrolls accelerated? The freakin' accelerated alright! In the wrong direction.
Previous month's data has been revised down.
Factory orders crater.
Meanwhile, Obama cooks the books to keep U3 at 8.2%.
Batten down the hatches. The double-dip is here.
Wait ... this just in ... Obama killed Osama bin Laden!
Fewer people looking for work, fewer jobs available is good you idiots, now go back to the NFL draft, Dancing with the stars, American Idol...
signed, MSM
Yeah Baybeee, yeah!
Recovery summer!
is that 119,000 MORE than were laid off??? or simply hired?
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