700,000 jobs lost in December

Discussion in 'Economy' started by DavidS, Jan 7, 2009.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    If true, that's one nasty number

    Private sector shed 693,000 jobs in December - Yahoo! Finance

    NEW YORK (Reuters) - Private employers shed 693,000 jobs in December, up sharply from the revised 476,000 jobs lost in November and far more than economists estimated, a report by a private employment service said on Wednesday.
    The median of estimates from 20 economists surveyed by Reuters for the ADP Employer Services report was for 473,000 private-sector jobs lost in December.

    The report for December was the first month the data was issued using a new methodology, which ADP said was designed to more closely predict the outcome of the government's non-farm payrolls report.
     
  2. RodISHI
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    RodISHI Gold Member

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    It has been reported here that a few factories are laying off a hundred workers at a time in March also. Tough times ahead for a lot of people.
     
  3. Red Dawn
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    Red Dawn Senior Member

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    things would be worse if Bill Clinton, Al Gore, or John Kerry were president.
     
  4. WillowTree
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    WillowTree Diamond Member

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    just think how many jobs will be lost when youse guys tax cows into oblivion! :lol::lol::lol:
     
  5. RodISHI
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    RodISHI Gold Member

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    Another good reason to build me chicken house for I can get some chickens asap.
     
  6. editec
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    editec Mr. Forgot-it-All

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    The vicious cycle of deflation continues.

    The masters screwed the pooch again.
     
  7. auditor0007
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    auditor0007 Gold Member

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    Just wait for January's numbers which will include many retail jobs lost after the Xmas sales season. We might see 1 million in January.
     
  8. indago
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    indago VIP Member

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    Yeah, like that's gonna end global warming... [​IMG]



    -
     
  9. KittenKoder
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    KittenKoder Senior Member

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    One thing to remember, November through December is the highest seasonal work time. So right after the holidays they tend to forget that all seasonal jobs end (well most) so that number will likely not be accurate for the long run and December through January is normally high in jobs 'lost' (really they never truly existed except for the higher buying times).
     

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