How convenient. They didn’t include givernment jobs in this report, as they did in the past.
Further, 204,000 is a long way off full employment as a percentage of “the available” workforce.
The sink hole still exist, in that adding some 350,000 jobs a month is required to keep up with new entrants into the job market.
So there are plenty of college grads still unable to find gainful employment, much less return those who lost their jobs to equivalent paying positions.
I note the report says we won’t return to full employment until 2016.
Hmmm...yeah? Many economists and financial forcasters see another downturn in the economy and are waiting for that shoe to drop.
We still sit at, supposedly, a GDP growth rate of a miserly 1.5%, if givernment figures are to be believed.
How much job loss will there be at zero or negative growth, if Europe and China get sick?
China’s economy is currently contracting and Europe has issues on the horizon.
Unicorns and skittles...
This has never included government. It has always been private from ADP. The full Non-Farm report, which includes government employees (which has been declining BTW), comes on tomorrow morning 8:30 am.