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DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » U.S. Economy Added 118,00... » Reply #1

Response to mahatmakanejeeves (Original post)

Wed Dec 5, 2012, 08:59 AM

1. Ain't capitalism grand? See accompanying story sourcing the BLS about

 

the decline in Q3 2012 'labor costs':

http://finance.yahoo.com/news/productivity-fastest-two-years-labor-133709248.html

To me it adds up to an economy in full-on 'dead cat bounce' mode. The 118,000 jobs added in the ADP survey fell about 5% shy of the consensus economist forecast of +125,000.

Original BLS story here: http://www.bls.gov/news.release/prod2.nr0.htm

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