Reply #24: that decrease is due to those people that can't find jobs - well - they don't

[UpInArms]

count

and how did you like that loss of 17,000 when the ADP boondoggle was touting a 130,000 gain just earlier this week?

here's that ADP spew

http://www.reuters.com/article/domesticNews/idUSWEN365620080130

Wed Jan 30, 2008 10:50am EST

NEW YORK (Reuters) - Private employers added 130,000 jobs in January, about three times the number that economists had been expecting, a report by a private employment service said on Wednesday.

ADP Employer Services, whose employment report was jointly developed with Macroeconomic Advisers LLC, also revised the number of jobs created in December down to 37,000 from the 40,000 initially reported.

The median of estimates from 23 economists surveyed by Reuters was for the ADP report to show 45,000 new private-sector jobs in January.

"It suggests that employment rebounded some in January," said Joel Prakken, chairman of Macroeconomic Advisers, adding "declining house prices and declining stock prices are factors that drag on consumption, but if employment and wages continue to grow it is unlikely that you would see an outright decline in consumer spending," Prakken said.