Private sector adds 119,000 jobs in April: ADP

Reuters via YahooNews ^ | May 2, 2012 | Leah Schnurr

[Rennes Templar]

NEW YORK (Reuters) - Private employers added 119,000 jobs in April, far fewer than expected, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 177,000 jobs. The report is jointly developed with Macroeconomic Advisers LLC.

[Rennes Templar]

"..far fewer than expected.."

That was expected.

[Gay State Conservative]

Ten bucks says that Osama’s Dept of Labor will report 750,000.

[ScottinVA]

That’s the cue for the BLS to get cooking for Friday’s employment numbers release.

Look for a report of 280,000 new jobs and 7.9% unemployment... there’s a reelection to be won!

[sunmars]

The market is more than just stalled, they know it, we know it and there comes a time when even trying to cook the books cannot hold up the floodgates from the force of the crapstorm coming through it.

[ibytoohi]

Rut Roh...

[norwaypinesavage]

"Hopefully we don't get a third consecutive summer of weaker growth."

Aaah! The business strategy of President Barack "Hope" Obama.

[TonyInOhio]

[Perdogg]

Unexpected..everyone drink

[whitedog57]

http://confoundedinterest.wordpress.com/2012/05/02/mba-purchase-applications-up-mortgage-refi-applications-down-waiting-for-godot-again/

ADP misses, mortgage refis lower than Administration hoped.

From Zero Hedge!

[TomGuy]

Economists only missed that estimate by about 48%.

Me thinks we need some new ‘economics’ experts.

[TSgt]

I’m not going to kid you," the first lady said at the fundraiser, according to the pool report. "This journey is going to be long. And it’s going to be hard. And there are going to be plenty of twists and turns along the way. That’s how change always happens in this country. The reality is real change is slow and it never happens all at once.

[sunmars]

My dog knows more about economics than those bozo’s, if they had dynamite for brains, they would’nt have enough to blow their hat off.

[whitedog57]

http://confoundedinterest.wordpress.com/2012/05/02/mba-purchase-applications-up-mortgage-refi-applications-down-waiting-for-godot-again/

ADP misses, mortgage refis lower than Administration hoped.

From Zero Hedge!

[CPT Clay]

Rut Roh

[TomGuy]

UE rate has been above 8% for 38 straight months -- the longest period on record, per FoxNews.

[Seems like someone promised that all those bailouts would result in the UE never getting above 8% and would create 3 million new jobs.]

[Freestate316]

Expect the unexpected when the media reports bad news for Obama. They will spin this as being a result of Bush’s policies and GOP obstructionism. Never mind that Obama said that the 2009 $787,000,000,000 porkulus would be adding half a million jobs a month by now, and millions of green jobs as well. They will simply move the goalposts, lie through their teeth, and their worshipers in the MSM will report it as gospel truth.

[ltc8k6]

“March’s private payrolls figure was also revised down to an increase of 201,000 from the previously reported 209,000.”

[tcrlaf]

NOW do you understand why Obama went to Afghanistan for a photo-op and speech, folks???

[Stand W]

That photo reminds me of the original Star Trek monster that could shape shift and suck sodium out of the body. Yeesh.

[bgill]

I’m betting those who were hired are getting far fewer than expected weekly hours. It’ll be interesting to see how many summer jobs there are this year. I know in TX that the state still has summer job postings listed on the web but the individual departments have been told they won’t get the funding for the positions. Trying to save face from any msm looking into it? Trying to use fuzzy math on the employment outlook? Maybe.