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New ADP Count Slashes Job Creation for September (Adjusted down to 88,200 from 162,000)
CNBC ^ | 10/31/12

Posted on 10/31/2012 10:13:39 AM PDT by GOPinCa

Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.ADP's new calculations put the monthly job creation at just 88,2000, down from the 162,000 the firm originally reported earlier this month.

The firm recently has entered into a partnership with Moody's Analytics that will change the way the private payroll count is calculated.

ADP will announce its October count on Thursday, with the Labor Department to follow on Friday.

ADP is expected to announce a further revision to the September count along with its October totals.

In announcing the partnership Oct. 24, the two firms said the partnership will help align the private sector job count with the Labor numbers.

At the same time, the new reports will provide a more detailed breakdown of the numbers while expanding the number of businesses that participate.

ADP occasionally has come under criticism for releasing data that is often widely disparate with the government's final count.

(Excerpt) Read more at cnbc.com ...


TOPICS: Breaking News; Politics/Elections
KEYWORDS: adp

1 posted on 10/31/2012 10:13:40 AM PDT by GOPinCa
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To: GOPinCa

Nothing to see here.

The economy is booming. Just need four more years to make sure it continues to boom.


2 posted on 10/31/2012 10:15:59 AM PDT by comebacknewt (Newt (sigh) what could have been . . .)
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To: GOPinCa

Just wait for Friday.

We are going to start to see all of the Christmas hiring numbers.


3 posted on 10/31/2012 10:24:32 AM PDT by My Favorite Headache (In a world where I feel so small, I can't stop thinking big.)
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To: GOPinCa

The original lies were not even doubt the revised lies. That’s unexpectedly close to the truth. I doubt that they will restrain themselves that much with this week’s numbers.


4 posted on 10/31/2012 10:25:51 AM PDT by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
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To: comebacknewt

Sorry to be a pest but what exactly does this article mean for Friday’s numbers?

TIA


5 posted on 10/31/2012 10:29:18 AM PDT by snarkytart
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To: GOPinCa

Rush is talking about this..


6 posted on 10/31/2012 10:30:23 AM PDT by Dog (Founding member of the Osama Bin Laden was alive the whole time club..)
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To: GOPinCa

No problem. The regime will “uncover” an additional 800K new “jobs” to drive the unemployment number down to 7.5%.


7 posted on 10/31/2012 10:30:23 AM PDT by ScottinVA (Recordhighturnoutisourhopeforsending0bamahome.Prayhard!!!)
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To: GOPinCa

How any sane, objective American voter can vote for the America destroyer, Barack Hussein Obama defies understanding and explanation!!! Morons & Traitors!!!


8 posted on 10/31/2012 10:31:16 AM PDT by JLAGRAYFOX ( My only objective is defeat and destroy Obama & his Democrat Party, politically!!!)
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To: snarkytart

If I understood Rush when he mentioned it....they were caught cooking the books.


9 posted on 10/31/2012 10:33:37 AM PDT by Dog (Founding member of the Osama Bin Laden was alive the whole time club..)
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To: Dog

okay so the Friday numbers will be cooked or no?
Sorry I don’t even begin to get these numbers.
:(


10 posted on 10/31/2012 10:38:29 AM PDT by snarkytart
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To: GOPinCa
ADP occasionally has come under criticism for releasing data that is often widely disparate with the government's final count.

I think the wrong party is being criticized.

11 posted on 10/31/2012 10:40:05 AM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Moonman62

BTTT


12 posted on 10/31/2012 11:34:05 AM PDT by John W (Viva Cristo Rey!)
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To: GOPinCa

Wow, they inflated the estimate THAT much?


13 posted on 10/31/2012 11:35:12 AM PDT by GeronL (http://asspos.blogspot.com)
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To: GOPinCa
Moody’s sees the unemployment rate ticking back up to at least 7.9 percent in October from the 7.8 percent reported (rigged) for September.
14 posted on 10/31/2012 11:39:09 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: comebacknewt

Sure, Obama’s gonna do to other businesses what he’s done to the auto industry. Can’t wait.


15 posted on 10/31/2012 11:40:04 AM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: GeronL
Wow, they inflated the estimate THAT much?

According to FOX business alalyists, the new jobs just sort of "appeared", but nothing was showing up in the payroll records. Apparently, all these new workers must have been volunteers - doing nothing - and doing it for free.

16 posted on 10/31/2012 11:50:28 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: GOPinCa

Will CNBC be nice enough to invite Jack Welch on...?

Much to the mainstream media’s chagrin he did say the September jobs number were rigged.

Do you think someone at CNBC will have the honor to follow up now?

/sarc


17 posted on 10/31/2012 11:52:40 AM PDT by Fitzy_888 ("ownership society")
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To: GOPinCa

geee, you’d think there’d be a burst of pumpkin picker jobs .. hmmm..


18 posted on 10/31/2012 11:56:33 AM PDT by NormsRevenge (Semper Fi)
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To: GOPinCa

Blamo!

But, just like last month’s jobs numbers, which were suppressed and I think they are being rolled in over the weeks of Oct., they will show a Yooge gain /s and the overall unemployment will drop to an amazing 7.2%.

I’m guessing of course but, it won’t surprise me that we hear the numbers from Mid-Atlantic states just weren’t able to be submitted on time.


19 posted on 10/31/2012 12:15:29 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: My Favorite Headache

And all the layoffs from Sandy


20 posted on 10/31/2012 12:54:12 PM PDT by wrench
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To: GOPinCa

It’s October. Surprise.


21 posted on 10/31/2012 1:34:30 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: snarkytart

My guess is that since they are revising last month’s numbers downward, that will make this month’s look better by comparison! They will be able to report a bigger gain or a smaller loss.

Of course most everything they say is a lie or spin anyway.


22 posted on 11/01/2012 4:00:24 AM PDT by generally (Don't be stupid. We have politicians for that.)
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To: generally

Would have surprised me if they weren’t good numbers for Obama. How much the MSM beats the drum on these job numbers will be telling. They got taken in with the last ones.


23 posted on 11/01/2012 6:18:25 AM PDT by Hillarys Gate Cult (Liberals make unrealistic demands on reality and reality doesn't oblige them.)
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