U.S. Sept. ADP employment down 39,000

MarketWatch ^ | October 6, 2010 | Greg Robb

[Need4Truth]

WASHINGTON (MarketWatch) - Companies in the U.S. private sector shed 39,000 jobs in September, according to the ADP employment report released Wednesday. The reading was below than economist's expectations of a 20,000 gain. This is the first decline in the ADP report since January. Job cuts in August were revised up to a gain of 10,000 from the initial estimate of a drop of 10,000. According to ADP, the goods-producing sector lost 45,000 jobs in September, including 17,000 in manufacturing. The service sector added 6,000 jobs. On Friday, the Labor Department will release its monthly employment report. Economists expect nonfarm payroll fell 8,000 in September after falling 54,000 in August. The unemployment rate is expected to inch higher to 9.7%. The private sector is expected to add 85,000 jobs, up from 67,000 in the prior month

[TexasFreeper2009]

Can’t you see the headlines now in October of 2012...

Unemployment UNEXPECTEDLY went up again this month for the 40’th straight month and economists are at a loss to explain why unemployment has remained so high these past 4 years.

ROFL

[ScottinVA]

Job cuts in August were revised up to a gain of 10,000 from the initial estimate of a drop of 10,000.

A gain in job CUTS, or a gain in JOBS??? This sounds a bit like misleading double-speak to me.

[Wyatt's Torch]

It’s a “net jobs lost” total. There are thousands of people fired/layed off every week and thousands that are hired/called back. The “net” number is the job growth/jobs lost that is reported.

[MinorityRepublican]

The Democrats will have no way of spinning the numbers so the elections in November will be a bloodbath. Then Republicans need to find a way of controlling the agenda and put our President in a box making him a lame duck for the remaining two years of his term.

[xzins]

Thanks, Wyatt.

Is there a website that explains all this stuff?

[Lazamataz]

Unexpectedly, I unexpectedly unexpected this unexpected article to unexpectedly unexpect unexpected facts unexpectedly. Unexpecting the fervently unexpectations of true unexepectedness, and unexpected cermoniously unexpectations all unexpected unexpectedly, unexpecting before the unexpected public of unexpected unexpectations in an unexpected way.

[Lazamataz]

Does anyone know what the right answer is?

November.

[garbanzo]

Any reason for the huge divergences between BLS and ADP in jan09 and jan10? Some changes in the seasonal adjustment model?

[madmominct]

“Try and sugar coat that, Zero!”

Duh — it’s Bush’s fault!!!

[Wyatt's Torch]

I'm sure you can find some things on the BLS site but here is a primer from US News: 5 Key Lessons in August's Jobs Report

"Job numbers are just differences. Often, job data is reported in a way that can be confusing. Let's say a news report says "private sector employers added 67,000 jobs last month." That can sound a bit like all the private businesses in the country made just 67,000 hires altogether last month. In truth, American businesses hired millions of people last month. Consider that in June alone (the most recent month for which there is data) U.S. public and private employers made nearly 4.3 million hires. Retailers alone made 593,000 hires in June. The problem is that people lose or leave jobs in similar volumes. Economists call this "churn," and there's a lot of it--every month."

[ncweaver]

I hope the headline the morning of Nov. 3rd reads:

THE REPUBLICANS HAVE UNEXPECTEDLY WON THE HOUSE AND SENATE

[massmike]

[CodeToad]

ADP’s numbers have always been a joke. All of us could be unemployed and they would report a rise in employment.

[NonValueAdded]

The only thing unexpected would be if the numbers actually came close to the expectation.

[xzins]

Thanks again. You’ve been helpful.

A credit to your tagline. :>)

[screaminsunshine]

This proves Pelosi right. Unemployment is good for the economy. The Stocks go up when the normally would go down. The worse tye news the higher go stocks.

[Gabrial]

Obama has effectively drained the wealth of the nation through crushing debt and programs that (unless repealed) will ensure the debt bomb will continue to get worse.

He has done what no other enemy has been able to do, economically cripple the US.

[Zeppelin]

Then Republicans need to find a way of controlling the agenda and put our President in a box making him a lame duck for the remaining two years of his term.

Actually, "rollback" was more effective than "containment" in dealing with the commies. Therefore, we need a new Reagan Doctrine come November. =)

[kcvl]

Gee, I wonder what happened in Jan. 09? /s

[ETL]

I had no idea what “ADP” was.

Automatic Data Processing, Inc. (Nasdaq: ADP)
http://www.adp.com/about-us.aspx