More depression for the GOP - Private sector adds 216,000 jobs in February

[NRaleighLiberal]

http://finance.yahoo.com/news/private-sector-adds-216-000-132507333.html;_ylt=AowvnHxY7d.axIBtCGg_q1qiuYdG;_ylu=X3oDMTQzNzFydm51BG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwNhNGZmY2M3MS1jNGRiLTM4NDEtYWFlZC04NjEwNWNkYzU1MGMEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDYzk3MzI0OTAtNjg1OS0xMWUxLWJmM2ItZGZhNjFlZTBmNmRi;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3


"NEW YORK (Reuters) - The pace of job creation by private employers accelerated more than expected in February, a report by a payrolls processor showed on Wednesday.

The private sector added 216,000 jobs last month, the ADP National Employment Report showed, topping economists' expectations for a gain of 208,000.

January's payrolls figures were revised up to an increase of 173,000 from 170,000.

[Happyhippychick]

1. Oh noes!

[Scuba]

2. Can't wait to see Wisconsin's numbers.

[ZM90]

3. I'm sure Boehner is crying in his booze right about now.

[vi5]

4. The tax cuts for the wealthy are working!

Now think of how much better the economy would be if they had even MORE tax cuts for the wealthy and without all those unemployment benefits and stimulus measures draggin it down.

[Hawaii Hiker]

5. I think the unemployment numbers for Feb. will be released Friday

Hopefully, will go down from the current 8.3%

[earthside]

6. Don't get excited.

ADP is notoriously inaccurate:

http://seekingalpha.com/article/273092-adp-employment-report-is-undependable

Ironically, the unemployment rate could go up. With optimistic talk, more folks who have not been looking for work could be reentering the search and percentage-wise driving up the number of 'active' unemployed.

[dmallind]

8. Of late though that inaccuracy is more pessimistic than reality.

Their last guess was about 80k lower than the real job gains IIRC. Of course, past performance is no guarantee of diddly.

[Proud Liberal Dem]

7. A recovering national economy

means a GOP depression.