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Reply #29: Private sector employment up 38K in May, well below expectations [View All]

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Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-01-11 08:22 AM
Response to Reply #1
29. Private sector employment up 38K in May, well below expectations
ROSELAND, N.J. -- Companies in the US private sector added only 38,000 jobs in May, according to ADP's employment report released Wednesday.

The reading was a shock to analysts, who had expected a gain near 175,000 jobs.

According to ADP, the goods-producing sector lost 10,000 jobs in May following six months of gains, while manufacturing employment fell 9,000 after seven consecutive monthly increases.

The service sector added 48,000 jobs, ADP stated.

Read more: http://www.nypost.com/p/news/business/private_sector_em...


The ADP report, FWIW.
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  -STOCK MARKET WATCH, Wednesday, June 1, 2011 Pale Blue Dot  Jun-01-11 05:59 AM   #0 
  - Today's Reports  Pale Blue Dot   Jun-01-11 05:59 AM   #1 
  - US economic data take center stage in markets  xchrom   Jun-01-11 07:09 AM   #14 
  - Horrible Economic Data Continues: ADP Plunges To 38K On Expectations OF 175K;  DemReadingDU   Jun-01-11 07:30 AM   #19 
  - "While this number is extremely irrelevent".  Fuddnik   Jun-01-11 07:51 AM   #22 
  - Pay no attention, we're in recovery  DemReadingDU   Jun-01-11 07:55 AM   #24 
     - Sounds more like the Stinkin' Thinkin' of a Dry Drunk  Demeter   Jun-01-11 01:06 PM   #73 
  - Karl Denninger: ADP: Ok, This Officially Sucks  DemReadingDU   Jun-01-11 07:51 AM   #23 
  - Private sector employment up 38K in May, well below expectations  Pale Blue Dot   Jun-01-11 08:22 AM   #29 
  - The Truth Hurts  Demeter   Jun-01-11 08:37 AM   #36 
  - In case you're wondering about the sudden plunge at 10 AM,  Pale Blue Dot   Jun-01-11 09:05 AM   #46 
  - ISM: KaBOOM!  Pale Blue Dot   Jun-01-11 09:09 AM   #48 
  - Everything is a lot worse than expected today.  Fuddnik   Jun-01-11 09:10 AM   #49 
     - Unexpectedly worse  DemReadingDU   Jun-01-11 09:26 AM   #57 
  - Karl Denninger: ISM: KaBOOM! dupe  DemReadingDU   Jun-01-11 09:13 AM   #51 
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  - ...  xchrom   Jun-01-11 07:01 AM   #10 
  - The Good Banker By JOE NOCERA  Demeter   Jun-01-11 06:46 AM   #9 
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  - Tyler Cowen is just another apologist for the greedy uber rich heirs.  fasttense   Jun-01-11 07:41 AM   #20 
  - Just what we need.  Fuddnik   Jun-01-11 07:47 AM   #21 
  - agreed. i only posted because he's being bandied as the new darling.  xchrom   Jun-01-11 08:13 AM   #25 
  - ZeroHedge: Wall Street lemmings better known as "economists"  DemReadingDU   Jun-01-11 08:17 AM   #27 
     - ...  xchrom   Jun-01-11 08:42 AM   #38 
  - k&r n/t  Hotler   Jun-01-11 07:17 AM   #18 
  - New US commerce chief tasked with growing exports to India  xchrom   Jun-01-11 08:17 AM   #26 
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  - Japan jobless rate in April rises to 4.7%  xchrom   Jun-01-11 08:50 AM   #43 
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  - China's futures transaction value rises to 56 trln yuan during Jan-May period  xchrom   Jun-01-11 09:33 AM   #60 
  - Irregularities uncovered at three foreign banking units  xchrom   Jun-01-11 09:57 AM   #64 
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  - U.S. House Defeats Debt-Limit Bill Democrats Call Charade  xchrom   Jun-01-11 08:24 AM   #30 
  - Canada tries to hide Alberta tar sands carbon emissions  xchrom   Jun-01-11 08:34 AM   #34 
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  - Rupee off 3-wk high on choppy euro; dlr inflows support  xchrom   Jun-01-11 08:48 AM   #41 
  - PRECIOUS-Gold edges down on easing Greek debt fear  xchrom   Jun-01-11 08:46 AM   #40 
  - Gold futures edge up after ADP disappoints  xchrom   Jun-01-11 10:21 AM   #68 
  - PS: the weather is perfect!  Demeter   Jun-01-11 08:49 AM   #42 
  - No hooky allowed.  Fuddnik   Jun-01-11 09:08 AM   #47 
  - Got my Grandpuppy Today  Demeter   Jun-01-11 01:11 PM   #74 
  - Besides, I don't Know a Thing About Tending Bar  Demeter   Jun-01-11 01:12 PM   #75 
     - Put ice in glass. Pour vodka until filled.  Fuddnik   Jun-01-11 02:59 PM   #79 
  - awesome! nt  xchrom   Jun-01-11 09:25 AM   #56 
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     - Your Dogma got run over by my Karma?  Demeter   Jun-01-11 05:18 PM   #86 
  - Tiffany's is going down. Did the Noot default?  Fuddnik   Jun-01-11 10:55 AM   #72 
  - DOW down -236  DemReadingDU   Jun-01-11 01:40 PM   #78 
     - DOW down 279 at 4PM, n/t  hamerfan   Jun-01-11 03:01 PM   #80 
     - This okay?  plumbob   Jun-01-11 06:57 PM   #87 
        - Yeh, that's a good one!  DemReadingDU   Jun-01-11 07:06 PM   #88 
  - Debt: 05/26/2011 14,345,440,513,979.37 (UP 4,339,782.93) (Thu, DOWN some.)  Festivito   Jun-01-11 01:30 PM   #76 
  - Debt: 05/27/2011 14,345,428,204,844.19 (DOWN 12,309,135.18) (Fri, UP a little.)  Festivito   Jun-01-11 01:34 PM   #77 
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     - Debt: 06/01/2011 14,344,655,966,314.35 (DOWN 12,314,896.66) (Wed, UP a lot.)  Festivito   Jun-02-11 02:12 PM   #92 
  - I go out to pay some bills and hit the gym for a couple of hours.  Fuddnik   Jun-01-11 03:01 PM   #81 
     - Where has she been?  DemReadingDU   Jun-01-11 03:05 PM   #82 
     - yes, where is she? I miss her. and I missed all the action today  bread_and_roses   Jun-01-11 08:05 PM   #90 
     - That'll learn ya  hamerfan   Jun-01-11 03:21 PM   #83 
        - "My health club--The International House of Pancakes!"  tclambert   Jun-01-11 04:53 PM   #85 
           - We have breakfast food for dinner too  DemReadingDU   Jun-01-11 07:10 PM   #89 
 

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