Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

ADP Says Better Than Expected 176K Private Jobs Added, Of Which Only 4,000 Manufactuing Jobs
Zero Hedge ^ | 07/05/2012 | Tyler Durden

Posted on 07/05/2012 6:35:25 AM PDT by Qbert

The ADP Private jobs report is out, and in June America allegedly created 176K private jobs, better than expectations of 100K, and up from last month's 136K revised print. What hasn't changed is the continued lack of correlation between the ADP and the NFP report, nor the ongoing deterioration in claims. More importantly, Obama's promise of doubling US exports in 5 years from 2 years ago may be in jeopardy, since of the 176,000K extra jobs created, a whopping 4K was in manufacturing, the rest, or 160,000K, was service jobs.

[Snip]

And from the report:

Employment in the U.S. nonfarm private business sector increased by 176,000 from May to June, on a seasonally adjusted basis. The estimated gain from April to May was revised up slightly, from the initial estimate of 133,000 to a revised estimate of 136,000.   Employment in the private, service-providing sector rose 160,000 in June, after rising a revised 137,000 in May. Employment in the private, goods-producing sector added 16,000 jobs in June.   Manufacturing employment added 4,000, reversing May’s decline.  

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; manufacturing; obamanomics
(Excerpted for Reuters article in original post)
1 posted on 07/05/2012 6:35:29 AM PDT by Qbert
[ Post Reply | Private Reply | View Replies]

To: Qbert

Does anyone believe that 160,000 service jobs were created during the time that gas was almost $4/gal.? My hairdresser said her shop really has suffered because clients were coming in less frequently. She certainly didn’t hire another stylist. In fact, she had to fire one. Wonder how much credibility ADP still has.


2 posted on 07/05/2012 6:40:11 AM PDT by txrefugee
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

ADP is only private sector. They don’t take into account public sector job losses, and furthermore they always overestimate. I predict around 100k total added for BLS. Which is pathetic 4 years into a so called recovery.


3 posted on 07/05/2012 6:40:53 AM PDT by nhwingut (Sarah Palin 12... No One Else)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

ADP was WAY off in March. So may be useless for June.


4 posted on 07/05/2012 6:44:28 AM PDT by montag813
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

Bruvver Obama be savin’ us!


5 posted on 07/05/2012 6:45:27 AM PDT by Yashcheritsiy (not voting for the lesser of two evils)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

Manay of these service jobs are summer help and will be history in September


6 posted on 07/05/2012 6:46:04 AM PDT by scram2
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

Oops, just noticed figures are seasonally adjusted. My mistake


7 posted on 07/05/2012 6:48:19 AM PDT by scram2
[ Post Reply | Private Reply | To 6 | View Replies]

To: All

Oops, just noticed figures are seasonally adjusted. My mistake


8 posted on 07/05/2012 6:48:36 AM PDT by scram2
[ Post Reply | Private Reply | To 6 | View Replies]

To: nhwingut
I predict around 100k total added

FBN is predicting 90K.

9 posted on 07/05/2012 6:50:32 AM PDT by Mikey_1962 (Obama: The Affirmative Action President.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Mikey_1962
I predict around 100k total added

FBN is predicting 90K.

I'm predicting there will be 85 million jobs added! (Of course, seasonally adjusted)

10 posted on 07/05/2012 6:54:05 AM PDT by Bushbacker1 (I miss President Bush! 2012 - The End Of An Error! (Oathkeeper))
[ Post Reply | Private Reply | To 9 | View Replies]

To: nhwingut

"...pathetic 4 years into a so called recovery."

Yep. This is all we get under the Obama wreckovery - tiny, dubious upward blips... which are inevitably revised downward the next month; massive uncertainty and anxiety; foreclosures, etc. And it will only go downhill from here now that Obamacare/Obamatax has been forced upon us...

11 posted on 07/05/2012 7:03:26 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Qbert

I predict “better than expected” job creation through November 6. On November 9 I predict an “unexpected” downward correction to the June-October job numbers.


12 posted on 07/05/2012 7:04:07 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert

We’ve had a bad experience with ADP. Overcharges, hidden fees, slow to cooperate in auditing the books. No sense of urgency when employees were in danger of not getting paid on time. We are looking for an alternative.


13 posted on 07/05/2012 8:13:11 AM PDT by pajama pundit (I Don't Have Enough Faith To Believe In Evolution)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SampleMan

“I predict “better than expected” job creation through November 6. On November 9 I predict an “unexpected” downward correction to the June-October job numbers.”

Romney’s Fault!!


14 posted on 07/05/2012 8:36:36 AM PDT by EQAndyBuzz (ABO 2012)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Qbert

Someone has to dismantle and junk all of those bankrupt and useless “Green” factories that Obama poured billions into.


15 posted on 07/05/2012 8:42:17 AM PDT by Iron Munro (John Adams: 'Two ways to enslave a country. One is by the sword, the other is by debt')
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bushbacker1
I'm predicting there will be 85 million jobs added! (Of course, seasonally adjusted)

Well 85 million were added to SSDI but only 80 million got jobs and a good portion are temp jobs.

16 posted on 07/06/2012 10:40:46 AM PDT by Mikey_1962 (Obama: The Affirmative Action President.)
[ Post Reply | Private Reply | To 10 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson