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Wed Aug 1, 2012, 03:31 PM

Monthly job report on Friday - it's estimated that 100K to 175K jobs were added

http://money.cnn.com/2012/08/01/news/economy/adp-jobs-report/index.htm

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Reply Monthly job report on Friday - it's estimated that 100K to 175K jobs were added (Original post)
Liberal_in_LA Aug 2012 OP
Guy Whitey Corngood Aug 2012 #1
NickB79 Aug 2012 #2
phleshdef Aug 2012 #3

Response to Liberal_in_LA (Original post)

Wed Aug 1, 2012, 03:33 PM

1. I was trying to explain to a Teabagger the other day how 100,000>-700,000. Needles

to say. They don't like math. And this was an "educated" one. Not your usual rube.

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Response to Liberal_in_LA (Original post)

Wed Aug 1, 2012, 03:37 PM

2. Ugh, ADP estimates usually suck.

They get the markets and reporters all worked up and then we see the markets drop as the numbers don't meet expectations later.

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Response to NickB79 (Reply #2)

Wed Aug 1, 2012, 03:39 PM

3. They don't suck. People just misinterpret what they mean.

ADP is just reporting how many new people they have added to payroll. They don't know how many people got laid off/fired nor do they know how many of those people were people that moved from one job to another.

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