What's new
US Message Board - Political Discussion Forum

Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

BLS Monthly Report

Wehrwolfen

Senior Member
Joined
May 22, 2012
Messages
2,750
Reaction score
340
Points
48
It Begins: ADP Cuts September Job Creation Numbers By Almost 50%…​


It Begins: ADP Cuts September Job Creation Numbers By Almost 50%… | Weasel Zippers
1 Nov 12

The economy is still a mess and we’re being told unemployment is at 7.8%, what a joke.​

Via CNBC:
New ADP Count Slashes Job Creation Total for September - US Business News - CNBC


Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.

ADP’s new calculations put the monthly job creation at just 88,200, down from the 162,000 the firm originally reported earlier this month.

The firm recently has entered into a partnership with Moody’s Analytics that will change the way the private payroll count is calculated.

The new private payroll count now is actually under Labor’s September job creation household survey net total of 114,000, 104,000 of which came from the private sector.

The unemployment rate dropped last month to 7.8 percent. Separately, as the government’s establishment survey said the total number of new private-sector workers swelled by 873,000. (Read More: Consumer Prices Rise on Energy Surge; No Pay Gains)

Economists expect Friday’s report to show 125,000 new jobs and the jobless rate to hold steady.

The soft ADP count could add credence to those who believe the pace of job creation is slower than the government’s numbers indicate.

“It’s huge, no doubt about it,” said Todd Schoenberger, managing principal at the BlackBay Group in New York. “Their changing the methodology tells me that if the number is cut in half with that revision, then the revision we’re going to see Friday is going to be a disaster.”
 

theHawk

Registered Conservative
Joined
Sep 20, 2005
Messages
37,565
Reaction score
27,355
Points
2,905
Location
Arizona
LOL what a surprise, Obama was full of shit and had his goons lie about the jobs report right before the election.
 

francoHFW

Diamond Member
Joined
Sep 5, 2011
Messages
65,914
Reaction score
4,979
Points
1,815
Location
NY 26th FINALLY DEM!
Pubcrappe, for dupes only...
 

oldfart

Older than dirt
Joined
Nov 5, 2009
Messages
2,411
Reaction score
476
Points
140
Location
Redneck Riviera
Total non-farm jobs increased 171,000, exceeding expectations while the U-3 rate decreqased on a raw basis and upticked to 7.9% on a seasonally adjusted basis. The broader U-6 finally broke 14% coming in at 13.9%, Labor force participation rate showed a slight uptick.

Overall a positive report, but not spectacular.
 

TNHarley

Diamond Member
Joined
Sep 27, 2012
Messages
75,979
Reaction score
25,806
Points
2,250
Total non-farm jobs increased 171,000, exceeding expectations while the U-3 rate decreqased on a raw basis and upticked to 7.9% on a seasonally adjusted basis. The broader U-6 finally broke 14% coming in at 13.9%, Labor force participation rate showed a slight uptick.

Overall a positive report, but not spectacular.

Ehhhhh not really.. But hey, if you like obama, you have definately got to be a glass half FULL kinda person
 

longknife

Diamond Member
Joined
Sep 21, 2012
Messages
42,221
Reaction score
13,056
Points
2,250
Location
Sin City
by Owen

This isn’t good at all. In a country of 315 million people, adding 88,000 jobs a month - especially after losing so many in the past few years - is… how do you say… not ideal.

(Reuters) - The increase in the number of U.S. private-sector jobs in September was only half of what was initially reported, Automatic Data Processing (ADP.O) said after revamping its monthly National Employment Report.

ADP said last week it has overhauled the report to put it more in line with the final revised numbers released by the government in its closely watched nonfarm payrolls report.

As part of the process, ADP has revised its historical data going back to 2001 with its new methodology. September’s figures now show a gain of 88,200 private sector jobs for the month, down from the initial figure of 162,000 from its old report.

August was also lowered to 76,400 from 189,000.

{extended} @ Boots and Sabers - The blogging will continue until morale improves...

:eusa_whistle::eusa_whistle::eusa_whistle:
 

oldfart

Older than dirt
Joined
Nov 5, 2009
Messages
2,411
Reaction score
476
Points
140
Location
Redneck Riviera
Total non-farm jobs increased 171,000, exceeding expectations while the U-3 rate decreqased on a raw basis and upticked to 7.9% on a seasonally adjusted basis. The broader U-6 finally broke 14% coming in at 13.9%, Labor force participation rate showed a slight uptick.

Overall a positive report, but not spectacular.

Ehhhhh not really.. But hey, if you like obama, you have definately got to be a glass half FULL kinda person

This report came in better than anticipated in almost every regard. Reich had job growth at 125,000. What's your beef?
 

uscitizen

Senior Member
Joined
May 6, 2007
Messages
45,940
Reaction score
4,915
Points
48
Location
My Shack
We need to defund the BLS. We would have no more of these dissapointing statistics.
 

PredFan

Platinum Member
Joined
Oct 13, 2011
Messages
39,944
Reaction score
6,189
Points
1,170
Location
In Liberal minds, rent free.
Total non-farm jobs increased 171,000, exceeding expectations while the U-3 rate decreqased on a raw basis and upticked to 7.9% on a seasonally adjusted basis. The broader U-6 finally broke 14% coming in at 13.9%, Labor force participation rate showed a slight uptick.

Overall a positive report, but not spectacular.

Thank God for the GOP state governors!
 

oldfart

Older than dirt
Joined
Nov 5, 2009
Messages
2,411
Reaction score
476
Points
140
Location
Redneck Riviera
by Owen


(Reuters) - The increase in the number of U.S. private-sector jobs in September was only half of what was initially reported, Automatic Data Processing (ADP.O) said after revamping its monthly National Employment Report.

Is there some particular reason you choose to look at the ADP report which preceedss the BLS report by one day, rather than look at the BLS report? ADP is spectacularly wrong about twice a year.
 

AquaAthena

Diamond Member
Joined
Feb 16, 2010
Messages
16,820
Reaction score
13,904
Points
2,415
Location
Central Coast
Total non-farm jobs increased 171,000, exceeding expectations while the U-3 rate decreqased on a raw basis and upticked to 7.9% on a seasonally adjusted basis. The broader U-6 finally broke 14% coming in at 13.9%, Labor force participation rate showed a slight uptick.

Overall a positive report, but not spectacular.

Ehhhhh not really.. But hey, if you like obama, you have definately got to be a glass half FULL kinda person

And just look at to whom they went:

Two-thirds of those who have found employment under President Obama are immigrants, both legal and illegal, according to an analysis that suggests immigration has soaked up a large portion of what little job growth there has been over the past three years.


Read more: Two-thirds of jobs go to immigrants during Obama's four years - Washington Times Two-thirds of jobs go to immigrants during Obama's four years - Washington Times
 

iamwhatiseem

Platinum Member
Joined
Aug 19, 2010
Messages
28,943
Reaction score
11,677
Points
940
Location
On a hill
I had to laugh pretty good at CNN's response to the report "The good news in the jobless rate"...what kool aid people like the OP do not see or want to see - is that the jobless rate INCREASED more than the jobs "created"...however CNN says this is good news because it could mean that more people started looking for a job because they are more positive then before they can get one.
Man - they really had to break out the KY jelly for that one.
 

francoHFW

Diamond Member
Joined
Sep 5, 2011
Messages
65,914
Reaction score
4,979
Points
1,815
Location
NY 26th FINALLY DEM!
CNBC is financial. BTW, they ADDED 40K to the September jobs total today...
 

AquaAthena

Diamond Member
Joined
Feb 16, 2010
Messages
16,820
Reaction score
13,904
Points
2,415
Location
Central Coast
Total non-farm jobs increased 171,000, exceeding expectations while the U-3 rate decreqased on a raw basis and upticked to 7.9% on a seasonally adjusted basis. The broader U-6 finally broke 14% coming in at 13.9%, Labor force participation rate showed a slight uptick.

Overall a positive report, but not spectacular.

At the same time, the number of unemployed grew by 170,000.

Not at all spectacular, when you consider that last month, the unemployment rate was 7.8% [supposedly] and now it is 7.9%.

That rate is also higher than when Obama took office in `09.

R&R in 2012. :clap2: Let's give the voice of experience in business and politics, as governor of MA who balanced his budget, a chance to do better.

And WE WILL be doing checks and balances on Romney, as well.
 

iamwhatiseem

Platinum Member
Joined
Aug 19, 2010
Messages
28,943
Reaction score
11,677
Points
940
Location
On a hill
Only can the Obama borg believe the unemployment number rising is good news.
Spin cycle on high please.
 

Paulie

Diamond Member
Joined
May 19, 2007
Messages
40,769
Reaction score
6,371
Points
1,830
Total non-farm jobs increased 171,000, exceeding expectations while the U-3 rate decreqased on a raw basis and upticked to 7.9% on a seasonally adjusted basis. The broader U-6 finally broke 14% coming in at 13.9%, Labor force participation rate showed a slight uptick.

Overall a positive report, but not spectacular.

Thank God for the GOP

About TIME you just admitted it.
 

oldfart

Older than dirt
Joined
Nov 5, 2009
Messages
2,411
Reaction score
476
Points
140
Location
Redneck Riviera
Only can the Obama borg believe the unemployment number rising is good news.
Spin cycle on high please.

Where exactly do you get the idea the number of unemployed increased? Or do you not know the difference between the sesonally adjusted figure and the raw figures?
 

USMB Server Goals

Total amount
$191.00
Goal
$350.00

Most reactions - Past 7 days

Forum List

Top