ADP Report Calls Stimulus Outcome: 18 Months Of Jobs Gains

[Toro]

Uhm, yes it is. His policies haven't netted one private sector job. Period. And in that respect, he is vastly different from Bush.

You're kidding, right? What is "netted one private sector job?" What does that mean?

Private employment has been rising for the past year and a half. Employment has not been growing fast enough to dramatically decrease the rate of unemployment, but it has been growing.


Oh, and FTR, I don't, blame Bush for this, but if you want to talk about "vastly different," nonfarm payrolls declined in 40 of the 96 months Bush was President. Hardly stellar.

 

[Avorysuds]

It's not a stretch at all. I double checked the number and we need to add roughly 125,000 jobs per month to keep pace with population. This is pretty commonly accepted by anyone not working at Cato or Heritage. As such, any month we add less we have the chance of unemployment going up. This does NOT mean employment is decreasing. It means we are growing. Employment IS increasing. Just not at the pace we need.

WHO THE **** CARES! You're point is lost because unless it JUST STARTED when Obama became president every, single *******, president, in, history, of , the , world, has, had this "problem" too.

It's not as if all these "new people" all of a sudden couldn't start a business. Aww **** it, nm... Get back to blowing Obama. I mean now it’s “people are having babies!” is causing the problem, LOL! More of the population has a collage education than at anytime in the history of the world and now it’s “population growth” that’s keepin Obama down! Haven’t we slowed WAY down on makin babbies? Maybe there is something to 18 million illegals being in the US! Lol, this is pathetic.

I have never said otherwise. Of course every President has had this issue. I am merely pointing the fact that we can have job growth and still see the unemployment rate go up. Such that, if you see the rate go up and claim it shows jobs are lost, that's not accurate. And it's not accurate for any president, even Bush, who currently holds the record for worst job growth in the last century.

As for everyone having a "collage" education, maybe that's the problem. There isn't much demand for collages outside of elementary school.

Or the UE rate goes up because more people lost their job than BOTH

A: People fell of the ass end of Unemployment

And, +, Added too...

B: People being hired that month

If we alone stopped kicking people off the charts that "fell off" the countings, UE would be well into the 15%'s.

BTW, why do you keep bringing up Bush? Did I say I liked Bush, that I think he was the man? WTF tactic is it to bring up Bush, point out how bad his policies were then defend THE SAME ******* POLICIES under Obama?


Don't be stupid... Shit, you should use that as your boards name so everytime you log in you can be reminded of how much of an ass you made of yourself the day before, as a form of advice to yourself. "DontBeStupid." Wait, waht's that, you already did that!
Dang BooOoyi~ You on it n shit!

 

[Trajan]

adp's number are USUALLY within 10-15% accurate, so we have basically employed everyone whom grew age to work last month, better than nothing......but....

 

[DontBeStupid]

A: People fell of the ass end of Unemployment

I quite literally have no idea what you're trying to say there.

And, +, Added too...

B: People being hired that month

If we alone stopped kicking people off the charts that "fell off" the countings, UE would be well into the 15%'s.

Oh. Ok. I see what you're trying to say. And yes, if we counted everyone, including those underemployed and who gave up looking, we would be much higher. I actually read closer to 19%. Of course, for some perspective, that number was never lower than 15% with Bush. (uh oh, I mentioned his name!)[/quote]

BTW, why do you keep bringing up Bush? Did I say I liked Bush, that I think he was the man?

I bring him up for 2 reasons: A) He was the last President, 2) His policies caused the Great Recession, and C) Ok, three reasons ... Many, many people think he was one of the greatest presidents we have ever had, which CLEARLY he was not and people need to be reminded of why he was not.

 

[Avorysuds]

A: People fell of the ass end of Unemployment

I quite literally have no idea what you're trying to say there.

And, +, Added too...

B: People being hired that month

If we alone stopped kicking people off the charts that "fell off" the countings, UE would be well into the 15%'s.

Oh. Ok. I see what you're trying to say. And yes, if we counted everyone, including those underemployed and who gave up looking, we would be much higher. I actually read closer to 19%. Of course, for some perspective, that number was never lower than 15% with Bush. (uh oh, I mentioned his name!)

BTW, why do you keep bringing up Bush? Did I say I liked Bush, that I think he was the man?

I bring him up for 2 reasons: A) He was the last President, 2) His policies caused the Great Recession, and C) Ok, three reasons ... Many, many people think he was one of the greatest presidents we have ever had, which CLEARLY he was not and people need to be reminded of why he was not.[/QUOTE]



I have never seen anyone claim Bush was even a great President, personally. Next, It was not Bush's policies alone that caused the "great recession." In fact the Clinton played a big part in it, not to mention the Dems took over both the Senate and the House in 2006 after running off "cutting off funding for Bush." Of course they never cut shit and helped him spend like a freak, just like the Reps in congress before them.

Also, can you name as of this date, with Obama and the Dems that have been in congress a single Bush policy that has been repealed? A war ended perhaps?

And I don’t know what UE would have been under Bush, it could have been 15% but I kind of doubt it… If that were true then UE would have to be at least 21ish % or more now… maybe 25%.

 

[mascale]

The June and July payroll reports are likely to show the Republicans at work, ending all spending by customers in any person's stores. State and Local government payrolls are in decline, where the elected Republicans are located.

The union-busting part even makes the news.

The Socialist victories in the private sector, Keep On Mounting: Thanks To Obama-Biden: Who even had the good sense to get rid of their starting, economic team!

"Crow: James Crow: Shaken, Not Stirred!:
"Lands of Many nations know that lack of any spending drove down life expectancy to only 50 years, in recent times. All around others made gains. Now Lands of Many Nations gain in spending, and are prosperous! All around others made too many gains, and are now obese. Now the Many Others likely to go blind--really bigtime--from the diabetes epidemic yet to happen!)

 

[waltky]

Good ADP jobs report doesn't mean economy is fixed...

News flash! It's still a sluggish recovery!
July 7, 2011: Remember when market bears and some naysayer economists were shouting "Double-dip recession!" from the rooftops just last month after some tepid jobs data? Pay them no mind.

But don't get duped into thinking that Thursday's stronger-than-expected ADP private payrolls number, as well as some solid data about the manufacturing sector in the past week, is a sign that the economy is back on solid footing either. It's human nature to try and view the world in black vs. white absolutes. Traders with itchy trigger fingers make it worse by jumping on every report (no matter how consequential) as if it's a sign that the economy is either deteriorating or rebounding. Sadly, people in my profession also don't help matters by fanning the flames with sensationalistic headlines about the economy and markets.

A 100-point drop in the Dow is often treated like it's a natural disaster or apocalyptic event. The adjectives and verbs we use can be overly dramatic. Guilty as charged. The financial media needs to do a better job of telling it as it is without hyperbole. I'll start now. Here's the simple truth. The economy is not going to Hades in a hand basket. But it's also not going to head back to pre-Great Recession gangbusters growth anytime soon. The ADP numbers are undeniably a good sign. It's encouraging that 157,000 jobs were added in June following 36,000 in May. It's also nice to see that jobless claims ticked lower.

However, job growth of 157,000 in the private sector is still not robust. We need employers to add even more jobs (probably in excess of 250,000 a month for several months) in order to make a big dent in the chronically high unemployment rate. What's more, initial jobless claims were still 418,000 last week. That number needs to get below 400,000 and stay there. Until then, it's premature to declare that there is a sustainable turnaround in the labor market. Madeline Schnapp, director of macroeconomic research at TrimTabs, a research firm in Sausalito, Calif., described what's going on as the "hamster wheel economy." We're running faster and faster but still going nowhere.

Schnapp pointed out that consumers need to be making more money as well. More jobs are not sufficient to get the economy moving again. "The economy is finally creating jobs, but net of inflation, income growth is barely positive," she wrote in a report this week. "Subtract government stimulus, and income growth is actually negative." I realize that nobody, especially Mr. and Mrs. Market, likes the color gray. Yet that's the best way to describe this economy. The excessive optimism at the start of 2011 was misguided. So was the excessive pessimism this spring after oil prices shot up and the world dealt with the aftermath of the Japan earthquake.

MORE

 

[Soggy in NOLA]

The June and July payroll reports are likely to show the Republicans at work, ending all spending by customers in any person's stores. State and Local government payrolls are in decline, where the elected Republicans are located.

The union-busting part even makes the news.

The Socialist victories in the private sector, Keep On Mounting: Thanks To Obama-Biden: Who even had the good sense to get rid of their starting, economic team!

"Crow: James Crow: Shaken, Not Stirred!:
"Lands of Many nations know that lack of any spending drove down life expectancy to only 50 years, in recent times. All around others made gains. Now Lands of Many Nations gain in spending, and are prosperous! All around others made too many gains, and are now obese. Now the Many Others likely to go blind--really bigtime--from the diabetes epidemic yet to happen!)

Well, at least you admit Obama and Biden are Socialists...

You're more than a bit out there and just a little touched, but you get an A+ for not trying to mask who you are.

 

[Trajan]

So what became of the on-going Stimulus program after all? In the private sector, 18 months of steady job gains! Those are all Democratic Party created gains. The Republicans virtually universally said, "No!" to any further job gains!

ADP Employment Report

The Party of Abraham Lincoln even famously, took away Santa Clause, the Schedule M in the U. S. Internal Revenue Code. That was the "Make Work Pay," refundable tax credit.

The Republican Party was created at about the same time as Simon Legree: And it shows. Their newly elected, Party of Herbert Hoover state and local people: Are taking even new state and local government jobs away!

"Crow, James Crow: Shaken, Not Stirred!"
(Party of Lincoln Treat Santa Clause to A Liberian Movement kind of status!)

you should read the actual reports instead of basing your post on the summary.

BTW, you are severly misleading by saying 'steady jobs gains', when your own source called it simply 'employment gains'. Steady certainly does not apply if you read the actual report.

EDIT: also, the press release specifies that the '18 months of empolyment gains' was for the service-providing sector only...

employment in the service-providing sector rose by 130,000 in June, nearly three times faster than in May, marking 18 consecutive months of employment gains.

...not overall employment.

and this was different from the Bush era in what way?

I guess it is not Obama's economy after all?

well he got it it down to 5% ...soooo, at 9% just creating enough jobs to employ new entrants into the work force is of course better than none or less, but its not exactly boffo.

 

[Trajan]

Again, this could be due to an increase in the population. I believe we need to add 150,000 a month just to break even with population growth. So if we are adding 50,000 only, then the unemployment rate would go up, but, it would not be accurate to say we are losing jobs.

Well, maybe.. I think that's a stretch though. Anyhoo... jobs creation has to out pace population growth as well. The bottom line here, the economy is NOT creating employment, rather employment is decreasing.

It's not a stretch at all. I double checked the number and we need to add roughly 125,000 jobs per month to keep pace with population. This is pretty commonly accepted by anyone not working at Cato or Heritage. As such, any month we add less we have the chance of unemployment going up. This does NOT mean employment is decreasing. It means we are growing. Employment IS increasing. Just not at the pace we need.

uhm survey says...no.

looking at the chart dated jan 2010, at 140k I'd say due to the graduated rises delineated over the time-line of the chart, 144K sounds about right.

 

[Flopper]

So what became of the on-going Stimulus program after all? In the private sector, 18 months of steady job gains! Those are all Democratic Party created gains. The Republicans virtually universally said, "No!" to any further job gains!

ADP Employment Report

The Party of Abraham Lincoln even famously, took away Santa Clause, the Schedule M in the U. S. Internal Revenue Code. That was the "Make Work Pay," refundable tax credit.

The Republican Party was created at about the same time as Simon Legree: And it shows. Their newly elected, Party of Herbert Hoover state and local people: Are taking even new state and local government jobs away!

"Crow, James Crow: Shaken, Not Stirred!"
(Party of Lincoln Treat Santa Clause to A Liberian Movement kind of status!)

Source? I do not believe there have been 18 months of job increases. Obamaturd is a failure and your are delusional.

It depends of your definition of job increase. Is a job saved equal a job gain. Much of the stimulus package went to states and local communities that used the funds to avert layoffs.

When you say job gained do you mean the number that were hired due to stimulus or do you mean the net gain, the number hired less the number fired. The net gain is positive but rather meager. The gain do to the stimulus is high since it ignored job loss.

 

[mascale]

And well they should be so credited. The stock market crashed because of Bush Republicans, and McCain Republicans, and Palin Republicans, and Boehner Republicans, and CantorRepublicans, and Romney Republicans, and Pawlenty Republicans, and Bachman Republkicans, and Cain Republicans, and Huckabee Republicans, and Paul Republicans, and Paul Republicans, and Lincoln Republicans, and Coolidge Re[ublicans, and Nixon Republicans, and and Herbert Hoover Republicans, and all the rest of the Republicans.

The stock market soared when the Democrats were back in office.

The Republicans are running to end all spending in all the stores, and crash the markets forever! The Democrats are the opposition.

"Crow, James Crow: Shaken, Not Stirred!:
(Lands of Many Nations recall the times when spending was all stopped in Lands of Many Nations!)

 

[Trajan]

adp's number are USUALLY within 10-15% accurate, so we have basically employed everyone whom grew age to work last month, better than nothing......but....

well looks like they totally blew this one-from the link posted in the OP ;

Employment in the U.S. nonfarm private business sector rose 157,000 from May to June on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated advance in employment from April to May was revised down, but only slightly, to 36,000 from the initially reported 38,000. Today’s ADP National Employment Report estimates employment in the service-providing sector rose by 130,000 in June, nearly three times faster than in May, marking 18 consecutive months of employment gains. Employment in the goods-producing sector rose 27,000 in June, more than reversing the decline of 10,000 in May. Manufacturing employment rose 24,000 in June, which has seen growth in seven of the past eight months.

the real-

Jobs Data Dim Recovery Hopes

Nonfarm payrolls rose 18,000 last month, far fewer than expected, as small gains in the private sector were just enough to outweigh continued government-job losses, the Labor Department said Friday in its survey of employers. Payrolls data for the previous two months were revised down by a total 44,000 to show increases of only 25,000 jobs in May and 217,000 in April.
More


The jobless rate, which is obtained from a separate household survey, increased for the third straight month to 9.2% in June from 9.1% in May. It was the highest level since December 2010. There are 14.1 million Americans who would like to work but can't get a job.

Economists surveyed by Dow Jones Newswires had forecast payrolls would rise by 125,000 and the jobless rate would remain steady at 9.1%.

The choppy two-year-old recovery is proving to be one of the worst since the 1930s. It has been too slow to make up for all the jobs lost after the financial crisis of 2008 and 2009. With little scope left for policy to help, President Barack Obama is likely to confront the highest unemployment rate of any postwar incumbent when he seeks re-election in the fall of 2012.

Friday's report showed private-sector employers, which account for about 70% of the work force, added 57,000 jobs in June, down from 73,000 in May. The weakness was broad-based.

snip-
Manufacturing employment remained weak, adding 6,000 jobs. Economists were expecting a rebound as disruptions to manufacturing production stemming from Japan's earthquake should be easing. Employment in the battered construction sector was broadly unchanged. The housing sector remains a big drag on the economy.

more at-
Jobs Data Dim Recovery Hopes - WSJ.com

 

[Stephanie]

So what became of the on-going Stimulus program after all? In the private sector, 18 months of steady job gains! Those are all Democratic Party created gains. The Republicans virtually universally said, "No!" to any further job gains!

ADP Employment Report

The Party of Abraham Lincoln even famously, took away Santa Clause, the Schedule M in the U. S. Internal Revenue Code. That was the "Make Work Pay," refundable tax credit.

The Republican Party was created at about the same time as Simon Legree: And it shows. Their newly elected, Party of Herbert Hoover state and local people: Are taking even new state and local government jobs away!

"Crow, James Crow: Shaken, Not Stirred!"
(Party of Lincoln Treat Santa Clause to A Liberian Movement kind of status!)

18 months of job gains is bad news for the GOP.

They are doing their best to ruin the economy.

They must be stopped.

LOL, You all can SPIN it anyway you like but this is the numbers the people are looking at..
UNEMPLOYMENT STILL at 9.2%..
and that is a LOW estimate, more like over 10%..
not looking good for the boykings election prospects...tsk tsk

 

[Truthmatters]

http://www.adpemploymentreport.com/pdf/FINAL_Report_June_11.pdf


heres the report itself.

Look at chart 4.

The economy has added jobs nearly since the day Obama took office.

Obama has had a possitive effect on the economy.

You can claim its not GOOD ENOUGH of a possitive effect if you wish but claiming Obama has NOT had a possitive effect on the economy is a FLAT OUT BOLD FACED LIE!

All the indicators show his admin has had a possitive effect.

Every time a con claims its been a negative effect they are lying.


STOP LYING to tryi and distroy our economy.


Consumer confidence is holding the economy back and every time a Con LIES and claims Obama is harming the economy they put party over country.

There is no way arround the facts.

STOP LYING and think of your country for one damned minute

 

[Stephanie]

http://www.adpemploymentreport.com/pdf/FINAL_Report_June_11.pdf


heres the report itself.

Look at chart 4.

The economy has added jobs nearly since the day Obama took office.

Obama has had a possitive effect on the economy.

You can claim its not GOOD ENOUGH of a possitive effect if you wish but claiming Obama has NOT had a possitive effect on the economy is a FLAT OUT BOLD FACED LIE!

All the indicators show his admin has had a possitive effect.

Every time a con claims its been a negative effect they are lying.


STOP LYING to tryi and distroy our economy.


Consumer confidence is holding the economy back and every time a Con LIES and claims Obama is harming the economy they put party over country.

There is no way arround the facts.

STOP LYING and think of your country for one damned minute

...sheeeesh

 

[Truthmatters]

Just about the level you can manage huh?


Stop lying about the recovery and for one damned time in your life place country over party

 

[Stephanie]

Just about the level you can manage huh?


Stop lying about the recovery and for one damned time in your life place country over party

You call 9.2% Unemployment.... A RECOVERY..??
you all can't set the bar much lower, can ya.

 

[Soggy in NOLA]

And the unemployment rate just went up, again, to 9.2%.

I guess this means MORE jobs were created.

 

[Soggy in NOLA]

Just about the level you can manage huh?


Stop lying about the recovery and for one damned time in your life place country over party

You call 9.2% Unemployment.... A RECOVERY..??
you all can't set the bar much lower, can ya.

These folks embrace failure and mediocrity.