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Private sector adds 119,000 jobs in April: ADP
Reuters via YahooNews ^ | May 2, 2012 | Leah Schnurr

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 ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: unemployment; unexpectedly
"..far fewer than expected.."

That was expected.

1 posted on 05/02/2012 5:43:34 AM PDT by Rennes Templar
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To: Rennes Templar

Ten bucks says that Osama’s Dept of Labor will report 750,000.


2 posted on 05/02/2012 5:46:42 AM PDT by Gay State Conservative (Unlike Mrs Obama,I've Been Proud Of This Country My *Entire* Life!)
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To: Rennes Templar

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!


3 posted on 05/02/2012 5:47:32 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... so should voting!)
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To: Rennes Templar

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.


4 posted on 05/02/2012 5:50:34 AM PDT by sunmars
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To: ScottinVA

Rut Roh...


5 posted on 05/02/2012 5:51:46 AM PDT by ibytoohi
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To: Rennes Templar
"Hopefully we don't get a third consecutive summer of weaker growth."

Aaah! The business strategy of President Barack "Hope" Obama.

6 posted on 05/02/2012 5:56:52 AM PDT by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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To: Rennes Templar

7 posted on 05/02/2012 5:57:25 AM PDT by TonyInOhio (Arm yourselves, and be ye men of valour)
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To: Rennes Templar; SeekAndFind

Unexpected..everyone drink


8 posted on 05/02/2012 5:57:34 AM PDT by Perdogg
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To: Rennes Templar

http://confoundedinterest.wordpress.com/2012/05/02/mba-purchase-applications-up-mortgage-refi-applications-down-waiting-for-godot-again/

ADP misses, mortgage refis lower than Administration hoped.

From Zero Hedge!


9 posted on 05/02/2012 6:00:11 AM PDT by whitedog57
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To: Rennes Templar

Economists only missed that estimate by about 48%.

Me thinks we need some new ‘economics’ experts.


10 posted on 05/02/2012 6:00:58 AM PDT by TomGuy
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To: Rennes Templar

I’m not going to kid you," the first lady said at the fundraiser, according to the pool report. "This journey is going to be long. And it’s going to be hard. And there are going to be plenty of twists and turns along the way. That’s how change always happens in this country. The reality is real change is slow and it never happens all at once.
11 posted on 05/02/2012 6:02:12 AM PDT by TSgt (The only reason I have one in the chamber at all times, is because it is impossible to have two in.)
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To: TomGuy

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.


12 posted on 05/02/2012 6:04:57 AM PDT by sunmars
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To: Rennes Templar

http://confoundedinterest.wordpress.com/2012/05/02/mba-purchase-applications-up-mortgage-refi-applications-down-waiting-for-godot-again/

ADP misses, mortgage refis lower than Administration hoped.

From Zero Hedge!


13 posted on 05/02/2012 6:05:56 AM PDT by whitedog57
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To: Rennes Templar

Rut Roh


14 posted on 05/02/2012 6:09:00 AM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: Rennes Templar
UE rate has been above 8% for 38 straight months -- the longest period on record, per FoxNews.

[Seems like someone promised that all those bailouts would result in the UE never getting above 8% and would create 3 million new jobs.]
15 posted on 05/02/2012 6:10:47 AM PDT by TomGuy
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To: Rennes Templar

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.


16 posted on 05/02/2012 6:14:37 AM PDT by Freestate316
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To: Rennes Templar

“March’s private payrolls figure was also revised down to an increase of 201,000 from the previously reported 209,000.”


17 posted on 05/02/2012 6:19:09 AM PDT by ltc8k6
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To: Rennes Templar; All

NOW do you understand why Obama went to Afghanistan for a photo-op and speech, folks???


18 posted on 05/02/2012 6:46:24 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: TSgt

That photo reminds me of the original Star Trek monster that could shape shift and suck sodium out of the body. Yeesh.


19 posted on 05/02/2012 7:04:52 AM PDT by Stand W (Crush your enemies! See them driven before you! Hear the lamentations of their women!)
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To: Rennes Templar

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.


20 posted on 05/02/2012 7:07:14 AM PDT by bgill
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To: bgill

and how bad can things get.....well

BREAKING NEWS: March factory orders fall 1.5 percent, largest drop in three years - Reuters


21 posted on 05/02/2012 7:15:10 AM PDT by sunmars
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To: Rennes Templar
Elsewhere: "A Labor Department report in two days is projected to show that private payrolls accelerated in April, while unemployment held at 8.2 percent."

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!

22 posted on 05/02/2012 7:40:22 AM PDT by magellan
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To: All

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


23 posted on 05/02/2012 7:44:22 AM PDT by newnhdad (Where will you be during the Election Riots of 2012/2013?)
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To: Rennes Templar

Yeah Baybeee, yeah!

Recovery summer!


24 posted on 05/02/2012 7:56:01 AM PDT by headstamp 2 (Liberalism: Carrying adolescent values and behavior into adult life.)
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To: Rennes Templar
is that 119,000 MORE than were laid off??? or simply hired?
25 posted on 05/03/2012 4:36:20 AM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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