http://www.nytimes.com/2010/09/01/us/01oval.html?src=mv
Posted on 09/01/2010 5:31:23 AM PDT by abb
ROSELAND, NJ--(Marketwire - September 1, 2010) - Private sector employment decreased by 10,000 from July to August on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP®), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month.
Any relationship to 0bama's speech last night, maybe? Just a guess.
any reputable brokerage would tell you to divest stocks-
Problem is- the govt. now controls the brokerages-
there is NO way the govt. can spend, I mean LOSE trillions
of dollars and have the market this high.
There is no way we can have Millions of NEW unemployed
and end up with More Tax revenues!
The market is up largely on indications that foreign economies (largely China and India, but also Germany and France) are performing much better than our own. Because so much American capital is now invested abroad, that’s considered cheery news. The problem of how Americans without jobs will continue to purchase goods and services largely made abroad is presently being ignored.
Article said "planned layoffs decreased by 17%;" I guess that's supposed to be the "good news" nugget from the story. The fact planned layoffs decreased is a bit misleading, since employers are running out of people to lay off.
I guess this signals the end of Barry and Joe's 'Recovery Summer'.
Only 10,000 jobs lost... that’s a good thing!
I think the two reasons the crats will lose the house are healthcare and stimulus.
Remember in 2006-2008 Democrats used to read bad news each day and say “This will help us win in the next elections” ?
Well it is fun to watch them now, they are cornered like rats.
That, and the fact that employers are seen to be laying off fewer workers here (of course, there are fewer to lay off).
Have some shrimp and ice cream cones on us.
Created or saved 2.5 million unemployment claims.
Yes but we can’t blame the Democrats for dragging us into economy in 2007. It was caused by the housing bust thanks to easy money by Fannie and Frannie Mae. However, I’ll give you this, the Democrats are preventing the economy from making an usual recovery with its government interference.
I can and do blame the democrats for dragging us into the economy of 2007. They set it up and allowed it to fester.
No.. No.. unemployment is a lagging indicator.... so this is good news because 6 months ago, we knew the economy wasn't good......... Remember Q1 growth, estimated at 3.7%, actual 3.2%, revise to 2.9%... further revised to 2.5%.... see it all makes sense...
I know i’m stating the obvious but things are not getting any better. My wife works at the corporate office for a large aggregate company in Florida and their president told the entire office (which has about 40-50 employees) that they should start searching for jobs.
http://www.nytimes.com/2010/09/01/us/01oval.html?src=mv
Most of the temporary census jobs went away in August. When will their impact be recorded?
The economic news was positive from the Far East, China (PRC), India and Australia all countries, regardless of their political leaning are practicing growing free enterprise, private enterprise, consumer driven economies!!! The United States will take another hit today or tomorrow as auto sales in the USA have slumped dramatically. The USA will not get healthy economically until Obama goes as well as the entire Democrat Party!!!! Folks, employed, underemployed or unemployed, you best vote on November 2, 2010 to totally destroy the entire Democrat party and....with that useless buffoon POTUS Barack Hussein Obama!!!! “REMEMBER NOVEMBER”
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