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Wed May 2, 2012, 08:25 AM

BAD: ADP JOBS REPORT MISSES EXPECTATIONS BY A MILE

http://www.businessinsider.com/april-adp-jobs-report-2012-5

BAD:
This was a big miss.
Headline ADP jobs created was 119K.
That's well below 170K that analysts had expected.
Last month was revised down from 209K to 201K.
Current consensus is for around 160K for this Friday's jobs report.
Those estimates might come down.
Futures are falling after the news.
Here's a look at the breakdown of data by business type and firm-size




Read more: http://www.businessinsider.com/april-adp-jobs-report-2012-5#ixzz1tiMbDnes

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Reply BAD: ADP JOBS REPORT MISSES EXPECTATIONS BY A MILE (Original post)
xchrom May 2012 OP
byeya May 2012 #1
Tansy_Gold May 2012 #2

Response to xchrom (Original post)

Wed May 2, 2012, 08:39 AM

1. The Euro-Zone is at a record high unemployment rate.

 

Keynes was proven correct during the Great Depression and that experience is being willfully ignored today by the industrialized counties. Tens of thousands local, state, and federal workers are being laid off and the RepubliKKKans are refusing to allow needed public works projects to put people back to work and to upgrade our failing infrastructure. Why? To continue to enrich the already over-rich at the expense of the rank and file citizens. I think this ignoring of history is a disgrace as is continuing with disproven - over the past 30 years - of supply side/moneterist economic policies.
To be honest, Bernacke has done all he can from the Fed's side: It's time to end the wars, dismiss the troops - and especially the overstaffed officer corps - and spend on roads, bridges, schools, water treatment plants, and the like.

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Response to byeya (Reply #1)

Wed May 2, 2012, 08:56 AM

2. What are you? Some kinda socialist or something?

If so, WELCOME TO DU!

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