U.S. Private Sector Employment Decreased by 10,000 Jobs in August

Marketwire ^ | September 1, 2010 | Staff

[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.

[abb]

Unexpected

[ClearCase_guy]

Recovery summer
Fall of prosperity
Winter of our discontent

[bill1952]

Bush’s fault

[Patrick1]

If this is recovery summer I can’t wait for the booming fall.

[xzins]

Real Americans with real families and real bills who are no longer working.

It’s tragic.

It’s not just on Obama’s watch, but it’s the fault of his Democratic Congress that’s been in power since the economy was ruined in 2007.

[screaminsunshine]

Wow. This should cause a stock market boom.

[The Magical Mischief Tour]

US Stock futures are above 100 right now. They rose on this bad jobs data...

[The Magical Mischief Tour]

See my comment #7

[Rational Thought]

The stock market has actually rallied since this release. Goes to show there is something else which drives the market other than economic news.

[COBOL2Java]

Obama’s too busy payin’ that lady’s mortgage and fillin’ her gas tank to worry about the private sector!

[GlockThe Vote]

I bring that up over and over and over. Its not obama alone, its the entire govt.

[screaminsunshine]

No kidding. Lately it seems unrelated to what is going on. Amazing. Bad news=higher stock.

[abb]

Call me Pollyanna, but maybe the market is anticipating a GOP Senate and House come November.

[xzins]

It is time for America to quit pretending that the economy belongs to the executive branch. It doesn’t. All spending must originate in the House, be approved by Congress, and only then get signed by the President.

This economy nose-dived when the democrats took Congress in 2007. It’s easy to see on any graph.

[drangundsturm]

the market is just happy it was not far worse. They are looking for signs that we are entering a total collapse. Any data that is bad but not horrendous can cause the market to rise, because it is evidence against the thesis that the bad data from the past couple of weeks is the tip of some total collapse ice berg.

[screaminsunshine]

Could be. Gridlock for 2 years would be great. The less they can do the better.

[screaminsunshine]

Buying stock right now would scare me. I do not have any and don’t want any.

[abb]

The ‘94 wave election heralded one of the great bull markets - maybe this one can do the same.

[Kartographer]

OBAMAVILLE

Gett’n a head fake,
watchin' msn’s take;
All of their pundits oozing foul oil.
Clean’n my six gun on my front porch swing.
Felling my blood--
It’s beginnin' to boil.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know it's Obama’s fault.

There’s no rhyme or reason,
They are all commitin’ treason
With nothing to show but a brand new tax or two.
But they are real beauties,
Despotic duties, how they got passed
I haven't a clue.

Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that it’s Bush we should blame,
Now I think,-- hell with them it’s Obama’s fault.

I blew out my flip flop,
Stepped on a pop top;
Cut my heel, but I just cruise on back home.
Because no medical care will the doctors render
They say there’s little service I can tender
And there’s no need for me to hang on.

Wasted away again in Obamaville
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know, it's my own damn fault.
Yes, and some people claim that Bush is to blame,
And I know because of my vote it's my own damn fault
damn fault.

[justlurking]

The ‘94 wave election heralded one of the great bull markets - maybe this one can do the same.

I think this is the only thing that is keeping the market from tanking completely: the polls that indicate the Republicans are going to take control of at least the House.

However, if the market (and the economy) takes off, then you can say hello to President Obama in 2012. Most people vote their pocketbooks, and they don't care about anything else. That's a large part of what kept Clinton in office in 1996 (although I think there were other factors).