Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

ADP: 84,000 Jobs Whacked In December, Worse Than Expected

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 06:57 PM
Original message
ADP: 84,000 Jobs Whacked In December, Worse Than Expected
ADP: According to today's ADP National Employment Report, private sector employment decreased by 84,000 in December. The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month.

Nonfarm Private Employment Highlights -- December Report:
-- Total employment: -84,000
-- Small businesses* -25,000
-- Medium businesses** -25,000
-- Large businesses*** -34,000
-- Goods-producing sector: -96,000
-- Service-providing sector: +12,000
Addendum:
-- Manufacturing industry: -43,000

http://www.businessinsider.com/the-private-sector-lost-...

Ouch, I think there are hidden jobs in online sales and gift cards.
Printer Friendly | Permalink |  | Top
 
marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 06:57 PM
Response to Original message
1. There you go again.....raining on the faux recovery parade.
:spank:
Printer Friendly | Permalink |  | Top
 
icnorth Donating Member (954 posts) Send PM | Profile | Ignore Wed Jan-06-10 07:02 PM
Original message
May I borrow your paddle?
This calls for more than one trip to the woodshed... ;-)
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:03 PM
Response to Original message
4. Don't worry they'll be here in a few minutes
The bat single went up in the BOG group.
Printer Friendly | Permalink |  | Top
 
TheWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:12 PM
Response to Reply #4
66. The Economic Brownshirts, as I refer to them.
Can't handle reality, Can't handle facts, Can't handle Truth, see any of those things as blasphemous to the Football team and it's Quarterback, and therefore must be put down with extreme prejudice.

They are probably already Googling furiously to find some MSM nugget of Propaganda to snuff out this brush fire as we speak.

Critical Thinking is Criminal, AJ.

Didn't you know that?
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:15 PM
Response to Reply #66
73. Yep
Edited on Wed Jan-06-10 08:16 PM by AllentownJake
and than they will link to articles proving my point and not see it, because they will be looking at commentary, not the actual facts in the article.
Printer Friendly | Permalink |  | Top
 
Name removed Donating Member (0 posts) Send PM | Profile | Ignore Wed Jan-06-10 08:19 PM
Response to Reply #66
79. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:02 PM
Response to Reply #1
3. Why do they hate me so much more than you
:rofl:
Printer Friendly | Permalink |  | Top
 
HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:06 PM
Response to Reply #1
7. "The December employment decline was the smallest since March of 2008."
"Employment losses are now rapidly diminishing and, if recent trends continue, private employment will begin rising within the next few months."

:nopity:
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:07 PM
Response to Reply #7
10. You cut a man's throat
He'll stop bleeding eventually.
Printer Friendly | Permalink |  | Top
 
HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:10 PM
Response to Reply #10
12. You give a sick patient an antibiotic and they start getting better...
some woo woo goes off on crystal therapy and big pharma conspiracies.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:12 PM
Response to Reply #12
16. WTF are you babbling about now
Printer Friendly | Permalink |  | Top
 
TheWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:14 PM
Response to Reply #12
71. You show an idiot the truth and they dutifily Ignore it.
Edited on Wed Jan-06-10 08:20 PM by TheWatcher
Or maybe in your case, Jamie Lee Curtis was right.

Apes Can Read Philosophy, they just don't understand it.

Speaking of Ignoring and idiots, how did you escape my list?

This is only going to add years to your sentence, young man.

Oh well, time to correct that.

*Click*.
Printer Friendly | Permalink |  | Top
 
HiFructosePronSyrup Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 09:53 PM
Response to Reply #71
115. Yes, I know.
But I think you're missing the irony.

Printer Friendly | Permalink |  | Top
 
TheWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-07-10 03:36 PM
Response to Reply #71
140. Ahhhhh, it's so pleasant when all you see is "Ignored"
Blessed silence.
Printer Friendly | Permalink |  | Top
 
Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 06:59 PM
Response to Original message
2. I wonder how many of those lost manufacturing/goods producing jobs were sent overseas.
I know that some of the job losses in those sectors are simply due to outsourcing operations to countries like China that have very weak environmental and labor standards.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:04 PM
Response to Reply #2
5. Probably most of them
A lot of job losses in manufacturing were do to the fact they have something to blame it on.
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:04 PM
Response to Reply #2
6. I would say a very sizable portion went overseas, at least in manufacturing
Edited on Wed Jan-06-10 07:04 PM by TornadoTN
My company still does manufacturing here in the U.S. and let me tell you, it's very tough to operate with competitors that outsource to China and cut their prices by 25% or more and still make a hefty profit. We had to specialize in a niche market in order to keep things going and profitable, but it's only a matter of time before the outsourcing question is brought up again. The COO has already floated the idea of having parts made and/or purchased from China, Taiwan, and Indonesia.

I know of one company in our sector that closed a shop with 1,200 employees and replaced 3/4 of them with labor in China. All except for the top brass who continue eating the even bigger profits they are raking in now.
Printer Friendly | Permalink |  | Top
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:10 PM
Response to Reply #6
13. A friend of mine was a plant executive.
The were the worlds largest manufacturer of commutators.

Overnight, almost, they became the worlds largest importer of commutators. He was gone too.
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:14 PM
Response to Reply #13
17. Yep. That's sadly how it works
The fact that our politicians don't recognize this as a severe problem is probably one of the worst things going on in this country today. These were once well paying jobs that drove entire communities. Now, they are dinosaurs and entire communities collapse around them. Then we see the economic and social mess that it creates in its wake.

We do nothing to protect workers and U.S. companies here at home, but we go out of our way to make sure that executives can make these deals and bring home tons of money for themselves.
Printer Friendly | Permalink |  | Top
 
flyarm Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:35 PM
Response to Reply #17
31. oh they recognize it..it is part of the plan!! eom
Edited on Wed Jan-06-10 07:35 PM by flyarm
Printer Friendly | Permalink |  | Top
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:44 PM
Response to Reply #31
35. How ya doin' Fly?
Enjoying our lovely weather?
Printer Friendly | Permalink |  | Top
 
flyarm Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:16 PM
Response to Reply #35
74. burrrrr....I was warm in LA..now freezing here...
had to go out and buy socks a little while ago..I worry for our agri..and the porpoise are not coming by as usual right now!!

Hope you had a great holiday.. :)

fly
Printer Friendly | Permalink |  | Top
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:23 PM
Response to Reply #74
83. Picked up a new puppy!
And had friends over, who were single, or in the midst of divorces, with their dogs for x-mas dinner. It was really a madhouse!
Printer Friendly | Permalink |  | Top
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:06 PM
Response to Original message
8. Also, sales tax receipts were down 7.7% yoy in December.
Down the same in November. December of 2008 was supposed to be the bottom. Doesn't look like it.
-----------------------------------------------------

Month to date tax receipts are now in for the entire month of December. Theyre down 7.7% from December 2008, which is exactly the same rate of decline as Novembers. We know that the TBAC and Treasury officials were not anticipating that in their debt sales forecast for the first quarter. They had assumed that a recovery was taking root and would continue to do so. That spells trouble for both bonds and stocks. Heres why, and what to expect as a result.

Meanwhile, the implications of the NARs data on pending home sales are terrifying. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you dont find the information useful, I will give you a full refund. Its that simple. Click here for more information.

http://wallstreetexaminer.com/2010/01/05/tax-receipts-d... /

Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:07 PM
Response to Reply #8
9. Online sales and gift cards
was the answer I got from the economic meltdown deniers.
Printer Friendly | Permalink |  | Top
 
flyarm Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:39 PM
Response to Reply #8
32. shhhhh..i see some pom pom chewing in the corner..You are blowing their whole line of bullshit
around here the past couple of days..

geezzzzz..Dr Phool..you sure know how to f up a cheerleading party!!

;) :sarcasm: :popcorn: :rofl: :yourock: :yourock: :yourock:

fly
Printer Friendly | Permalink |  | Top
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:52 PM
Response to Reply #32
44. It's the weather!
I hang around the house with the new Lab puppy, and post on DU when she's not chewing on my arm.
Printer Friendly | Permalink |  | Top
 
ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:08 PM
Response to Original message
11. Nice spin
Edited on Wed Jan-06-10 07:08 PM by ProSense
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:10 PM
Response to Reply #11
14. There were jobs created in the Gift Card sector nt.
Printer Friendly | Permalink |  | Top
 
ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:15 PM
Response to Reply #14
18. You twisted a report with positive news to claim "worse than expected" n/t
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:16 PM
Response to Reply #18
19. 75,000 what was expected.
I directly linked an article from a website.
Printer Friendly | Permalink |  | Top
 
ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:18 PM
Response to Reply #19
20. "The decline in December was the smallest since March of 2008."
You cherry picked.

Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:19 PM
Response to Reply #20
22. I linked
No more offensive when you bold things dear.
Printer Friendly | Permalink |  | Top
 
girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:29 PM
Response to Reply #20
26. And you're trying to spin a pretty bad report into something positive.
It's possible that we are turning the corner, but this news indicates we are not turning it very quickly at all.
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:31 PM
Response to Reply #26
27. And anyone who thinks manufacturing and goods producing industries will start hiring
Is not looking at things objectively. The economic downfall was a cover for many of them to ship the jobs overseas to increase profits.

I don't look for manufacturing to stop shedding jobs for a very long time.
Printer Friendly | Permalink |  | Top
 
ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:33 PM
Response to Reply #26
29. Question
is it a better report than the first two months of the year?

Nonfarm private employment decreased 522,000 from December 2008 to January 2009 on a seasonally adjusted basis, according to the ADP National Employment Report. The estimated change of employment from November to December 2008 was revised up by 34,000, from a decline of 693,000 to a decline of 659,000.

Januarys ADP Report estimates nonfarm private employment in the service-providing sector fell by 279,000. Employment in the goods-producing sector declined 243,000, the twenty-fourth consecutive monthly decline. Employment in the manufacturing sector declined 160,000, its twenty-eighth decline over the last twenty-nine months.

link


February 2009:

Nonfarm private employment decreased 697,000 from January 2009 to February 2009 on a seasonally adjusted basis, according to the ADP National Employment Report. The estimated change of employment from December 2008 to January 2009 was revised down by 92,000, from a decline of 522,000 to a decline of 614,000.

Februarys ADP Report estimates nonfarm private employment in the service-providing sector fell by 359,000. Employment in the goods-producing sector declined 338,000, the twenty-sixth consecutive monthly decline. Employment in the manufacturing sector declined 219,000, its thirty-sixth consecutive decline.

link



What about the first increase since March 2008? Bad news?

Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:41 PM
Response to Reply #29
34. Of course it's better than at that point. But it still isn't positive
Get back to me when real jobs are being created and the downward spiral and demise of the manufacturing industry is reversed.
Printer Friendly | Permalink |  | Top
 
ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:47 PM
Response to Reply #34
36. "Of course it's better than at that point."
Thanks for acknowledging that the OP is bogus spin.

Printer Friendly | Permalink |  | Top
 
Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:48 PM
Response to Reply #34
39. Let me ask you this.. From the horror of over 700,000 losing jobs..
and each month the losses are smaller and smaller going to the positive..you did not think that a snap of fingers would move a 700,000 job loss per month to the positive did you...
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:51 PM
Response to Reply #39
41. I expect if I got shot
I'd lose a lot of blood at first, and less blood later. The question after I get to the Hospital is will I walk again. The administration's "job creation" efforts have assured me, no but we got a nice electric wheel chair for you.
Printer Friendly | Permalink |  | Top
 
Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:53 PM
Response to Reply #41
46. Well at least he did not leave you on the sidewalk to bleed to death..
We are going to be in positive job growth next month and maybe revisions will find us in positive job growth this month
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:55 PM
Response to Reply #46
49. Revisions aren't going to happen from ADP hun
That is real time data in a database based on payrolls. Not the squishy government stats.
Printer Friendly | Permalink |  | Top
 
Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:58 PM
Response to Reply #49
51. from you article.. "private employment will begin rising within the next few months"
According to Joel Prakken, Chairman of Macroeconomic Advisers, LLC, "Nonfarm private employment decreased 84,000 from November to December 2009 on a seasonally adjusted basis, according to the ADP National Employment Report. The December employment decline was the smallest since March of 2008. Employment losses are now rapidly diminishing and, if recent trends continue, private employment will begin rising within the next few months."
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:00 PM
Response to Reply #51
52. The number isn't going to be revised
Edited on Wed Jan-06-10 08:01 PM by AllentownJake
:rofl:

You made the claim of revisions. It was also seasonably adjusted (I.E the hard numbers are bigger).

You need to create 125,000 jobs a month to break even.
Printer Friendly | Permalink |  | Top
 
Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:11 PM
Response to Reply #52
64. Hey you were the one that said
"That is real time data in a database based on payrolls. Not the squishy government stats."


I just pointed out what the article your op is based on said..

"Employment losses are now rapidly diminishing and, if recent trends continue, private employment will begin rising within the next few months."


As I posted:

We are going to be in positive job growth next month and maybe revisions will find us in positive job growth this month

Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:34 PM
Response to Reply #64
94. and I said they don't revise the ADP data
It isn't a government report which comes out awesome, than turns to shit by the 3rd revision after no one is reporting.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 10:18 PM
Response to Reply #94
118. :)
:)
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:01 PM
Response to Reply #51
54. In what sectors?
That's the important facet that needs to be explored. I'd also like to see the pay/compensation that these people are getting as part of these new jobs.

We can create all of the McJobs that we want, but it won't reverse the trends when it comes to poverty, standard of living, etc. etc. etc.
Printer Friendly | Permalink |  | Top
 
Peacetrain Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:15 PM
Response to Reply #54
72. Manufacturing report bolsters hopes for recovery
http://news.yahoo.com/s/ap/20100104/ap_on_bi_go_ec_fi/u...

By CHRISTOPHER S. RUGABER, AP Economics Writer Christopher S. Rugaber, Ap Economics Writer Mon Jan 4, 1:07 pm ET

WASHINGTON An unexpectedly strong report on manufacturing activity Monday bolstered confidence that the nation's factories will help sustain an economic recovery.

The report by a private trade group signals that industrial production is likely to keep expanding in coming months, economists said. That could lead, in turn, to increased hiring and job creation.

The Institute for Supply Management, a trade group of purchasing executives, said its manufacturing index read 55.9 in December after 53.6 in November. A reading above 50 indicates growth
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:21 PM
Response to Reply #72
81. I've seen the article and the stats, I just hope it turns out to be real
If the job creation and hiring does happen here in the states, that will be a welcome change. But I have my doubts, since so many used this as cover to send jobs overseas and to cut the over 45 workforce. I know because I'm heavily involved in the manufacturing and service sector and I've seen first hand.
Printer Friendly | Permalink |  | Top
 
LiberalAndProud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:10 PM
Response to Reply #49
63. Where do they get their figures?
I don't do any payroll reporting until the 15th of the following month. Sales are reported on the 25th. Where do ADP's figures come from? Do you know?
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:14 PM
Response to Reply #63
69. ADP is outsourced payroll
I assume when you terminate an employee, you notify the people paying them the terms of severance for the system.
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:53 PM
Response to Reply #39
47. Get back to me when the manufacturing and goods producing industries reverse
At best, it will be a lukewarm accomplishment when we stop shedding jobs, but the damage has been done to the manufacturing and goods producing industries. It won't be reversed with the current policies and the realignment of wealth will still be at the top, while many, many struggle.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:54 PM
Response to Reply #47
48. I was wondering why my OP today on the 3 ways to create wealth got
attacked so vehemently by certain posters.

Thanks for answering the question.
Printer Friendly | Permalink |  | Top
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:58 PM
Response to Reply #39
50. This is just ADP. They're ALWAYS lower, and usually wrong.
I think Friday the Labor Dept. numbers come out, and I guarantee you they'll be higher.

Don't take my word for it. Look at them yourself when they come out. I've been commenting on that discrepancy for about 2 years now.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:06 PM
Response to Reply #50
59. ADP doesn't have every payroll in the country
I actually think the ministry of propaganda is going to drop more people from the U3 numbers to cover it up and certain posters here will report the U3 without reading the rest of the report.
Printer Friendly | Permalink |  | Top
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:50 PM
Response to Reply #34
40. In something related, but nobody seems to have picked up on yet....
PIMCO said that they are no longer buying and are selling US and British treasuries.

An indication that a whole lot of shit is gonna hit the fan down the road. They're very wired, and usually right. And it's legal to make trades on the debt market, based on non-public knowledge.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:52 PM
Response to Reply #40
43. Translation Treasury bond interest rates are going up
Edited on Wed Jan-06-10 07:53 PM by AllentownJake
Supply and Demand.

Higher interest, less money to artificially boost the economy with government spending financed by borrowing.

Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:49 PM
Response to Reply #40
103. Our money is worth crap right now.
....
Printer Friendly | Permalink |  | Top
 
Cant trust em Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:11 PM
Response to Reply #11
15. Fancy that. nt
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:18 PM
Response to Reply #11
21. From your own link, very troubling statistics:
Decembers ADP Report estimates nonfarm private employment in the service-providing sector increased by 12,000, the first increase since March of 2008. However, this employment growth was not enough to offset continued losses in the goods-producing sector. Employment in the goods-producing sector declined 96,000, with employment in the manufacturing sector dropping 43,000.

Large businesses, defined as those with 500 or more workers, saw employment decline by 34,000 while medium-size businesses with between 50 and 499 workers declined 25,000.

Employment among small-size businesses, defined as those with fewer than 50 workers, declined 25,000. However, small business employment within the service-providing sector increased by 11,000 during December.

In December, construction employment dropped 52,000. This was its thirty-fifth consecutive monthly decline, and brings the total decline in construction jobs since the peak in January 2007 to 1,777,000. Employment in the financial services sector dropped 12,000.


Well paying jobs are drying up. Manufacturing is rapidly becoming a dinosaur.

This is a major problem any way that you spin it.
Printer Friendly | Permalink |  | Top
 
Name removed Donating Member (0 posts) Send PM | Profile | Ignore Wed Jan-06-10 07:20 PM
Response to Reply #21
23. Deleted sub-thread
Sub-thread removed by moderator. Click here to review the message board rules.
 
ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:20 PM
Response to Reply #21
24. January 2009, same sector (updated)
Edited on Wed Jan-06-10 07:24 PM by ProSense
Januarys ADP Report estimates nonfarm private employment in the service-providing sector fell by 279,000. Employment in the goods-producing sector declined 243,000, the twenty-fourth consecutive monthly decline. Employment in the manufacturing sector declined 160,000, its twenty-eighth decline over the last twenty-nine months.

link


February:

Februarys ADP Report estimates nonfarm private employment in the service-providing sector fell by 359,000. Employment in the goods-producing sector declined 338,000, the twenty-sixth consecutive monthly decline. Employment in the manufacturing sector declined 219,000, its thirty-sixth consecutive decline.

link



Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:26 PM
Response to Reply #24
25. While the decline is lessening, where are the jobs being created?
Certainly not in these sectors and usually in the service sector, where wages are not comparable for the most part.
Printer Friendly | Permalink |  | Top
 
TheWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 09:33 PM
Response to Reply #25
113. I'm sorry, the Propaganda you requested cannot be posted at this time
Please try again later.

If you feel you've reached this recording in error, please wait 15 minutes, and I'm sure I'll be able to find something to Copy/Paste for you.

Love,

ProSpin.
Printer Friendly | Permalink |  | Top
 
girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:31 PM
Response to Reply #21
28. Good paying manufacturing jobs being replaced by low paying service-sector jobs.
This has been the trend for several quarters now. It is not a positive development.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:51 PM
Response to Reply #28
42. Excellent point, and that is the problem
The jobs coming in are, on the whole, low-paying jobs.
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:03 PM
Response to Reply #42
57. But that doesn't fit in with the propaganda that so many spout
It's funny, because the GOP did this for years under Bush and the same people cheerleading the "jobs" being created today were railing against this when the GOP was using it as their own propaganda piece.

Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:08 PM
Response to Reply #57
61. When you follow the issue, it becomes clear
regardless of who is in charge.
Printer Friendly | Permalink |  | Top
 
nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:01 PM
Response to Reply #11
55. THanks people don't get BASIC economics
before you can go into the positive numbers, you need to lower the negative numbers. It is expected, current trends holding, that we will have positive growth by the first quarter.

Of course trends are good... and all that
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 10:17 PM
Response to Reply #55
117. Hey Nadin
How life?
Printer Friendly | Permalink |  | Top
 
nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-07-10 12:21 AM
Response to Reply #117
135. Life's good
watching apocalypse man, apart of the refresher the fact that they are ... running programs like this... is scary.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-07-10 01:18 AM
Response to Reply #135
136. No kidding.
Well, at least we don't have snow. :)
Printer Friendly | Permalink |  | Top
 
nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-07-10 01:29 AM
Response to Reply #136
137. Oh there is that
we will watch the reset of the country dig out (as well as Northern Mexico... this blast is reaching all the way to ahem parents in mexico city)
Printer Friendly | Permalink |  | Top
 
TheWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 09:30 PM
Response to Reply #11
112. From the Absolute QUEEN Of Spin.
You get more desperate every day.

And more obvious.
Printer Friendly | Permalink |  | Top
 
earth mom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-07-10 08:26 AM
Response to Reply #112
139. + 10000000000000!!! nt
Printer Friendly | Permalink |  | Top
 
galileoreloaded Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 09:50 PM
Response to Reply #11
114. All I can figure....
is that either you are married to Tim Geitner or Larry Summers, or are HEAVILY invested in both the equity and Treasury markets. It's either that or you are seriously wealthy, like "fuck you money" wealthy.

These are the only three things that could explain your fervent adherence to this dystopic macro-economic fantasia you continually promote here.

Kisses,
GR
Printer Friendly | Permalink |  | Top
 
jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:34 PM
Response to Original message
30. What a steaming pile of blatant horseshit - this was the BEST jobs report in 2 FUCKING YEARS
Edited on Wed Jan-06-10 07:42 PM by jpak
and November's jobs losses were revised DOWNWARD from 169,000 to 145,000.

:thumbsdown:



Printer Friendly | Permalink |  | Top
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:41 PM
Response to Reply #30
33. Still nothing to write home about.
Remember, 125,000 jobs need to be added each month just to keep pace with population increases.

Printer Friendly | Permalink |  | Top
 
jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:47 PM
Response to Reply #33
37. The end of the worst recession in 80 years IS something to write home about
sorry to burst the doom bubble
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:00 PM
Response to Reply #37
53. But it hasn't ended.
That's the problem. We're not anywhere near the end of the woods yet.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:02 PM
Response to Reply #53
56. We are smack dab in the middle of the woods
with no flash light and Rahm Emmanuel taking a bribe from the Big Bad Wolf to let us know when we get to Grannys.
Printer Friendly | Permalink |  | Top
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:04 PM
Response to Reply #56
58. If you just believe hard enough!
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:07 PM
Response to Reply #58
60. I think all of the "Hope" has really clouded a lot of peoples minds
I'm sure when the jobs report goes positive, there will be a lot of cheerleading. But once you dig into it and realize that the jobs that were created aren't well-paying jobs that can keep up with what people need to live, you'll get shouted down as a naysayer.

I've been preaching about the lack of well-paying jobs since the Bush years and I'm not going to stop now just because we have a Democratic President. A pile of shit is still a pile of shit, regardless of whose lawn its on.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:09 PM
Response to Reply #56
62. Are they still talking about the W graph?
With a little bounce of recovery and then back to deep recession again?
Printer Friendly | Permalink |  | Top
 
jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:16 PM
Response to Reply #62
75. No - they are not
n/t
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:32 PM
Response to Reply #75
92. The question was to Allentown Jake who actually keeps track of this
..
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:35 PM
Response to Reply #92
97. My ignored is bothering you?
Keep your eye on the Treasury Bond auctions and interest rates. Interest rates rise, yes. The government still able to borrow and re-finance the deficit, no.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:55 PM
Response to Reply #97
105. They're eventually going to have to raise rates
Is there a good article on this?
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 09:06 PM
Response to Reply #105
107. Zero Hedge and the Market Ticker are watching it
MSM wouldn't know how to report it.

Eventually people are going to demand inflation priced into bonds with over 1 year duration when they realize we will monetize our debt. Particularly with the FED Mortgage Backed Security bailout that is going on right now...btw, I thought that was what TARP was originally for.

Our leaders are getting almost amusing to watch right now.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 10:23 PM
Response to Reply #107
119. OK, the Mortgage Backed Securities...these are the so-called toxic ones
What exactly did TARP do if it didn't bail them out?
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 10:24 PM
Response to Reply #119
120. Bonuses nt.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 10:27 PM
Response to Reply #120
121. No!
That can't have been all!
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 10:28 PM
Response to Reply #121
122. Hookers and Coke nt.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 10:29 PM
Response to Reply #122
123. Oh Jesus God!
:rofl:
Printer Friendly | Permalink |  | Top
 
Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 11:13 PM
Response to Reply #122
128. hehehe
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 11:31 PM
Response to Reply #128
131. It's my tax money.
They should be my hookers and coke!
Printer Friendly | Permalink |  | Top
 
jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 09:22 PM
Response to Reply #97
111. Ignored and with good reason
:evilgrin:
Printer Friendly | Permalink |  | Top
 
jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:44 PM
Response to Reply #92
102. The answer is still - no they are not
n/t
Printer Friendly | Permalink |  | Top
 
jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:12 PM
Response to Reply #53
65. Yes it has, US GDP was tanking at -6.4% in the 1st quarter of 2009 - it GREW at +2.2% in the 3rd Q
Recession over

period
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:13 PM
Response to Reply #65
67. Tell that to all of those still out of work, underinsured/uninsured, and having to take scraps
of a paycheck working McJobs.
Printer Friendly | Permalink |  | Top
 
jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:14 PM
Response to Reply #67
70. Unemployment has peaked, is in decline and will keep on dropping this year
Edited on Wed Jan-06-10 08:17 PM by jpak
too bad for the doomers and haters
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:18 PM
Response to Reply #70
77. "Hat in hand, U.S. turns to India to create jobs"
http://www.msnbc.msn.com/id/34643658/ns/business-busine... /

Ohio Gov. Ted Strickland is quick to admit that he doesn't "particularly enjoy heights." So why would he climb into a cherry picker to be lifted 40 feet in the air?

To show off a 196,000-square-foot office park in the Cincinnati suburb of Milford to executives from Tata Consultancy Services, India's biggest tech company and a thriving part of the Tata Group conglomerate.

To sweeten the deal, Strickland threw in $19 million in tax credits and invited the TCS crew to a state dinner at the governor's mansion. "The economy is difficult," Strickland says. "I will go wherever I can to find jobs."...
Printer Friendly | Permalink |  | Top
 
jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:24 PM
Response to Reply #77
85. The Horror - heaven forbid we encourage foreign investment to create US jobs
We should boycott Ohio!!!1111

:thumbsdown:
Printer Friendly | Permalink |  | Top
 
Raineyb Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 10:11 PM
Response to Reply #85
116. You do realize that when a foreign country invests they take their profits back home right?
You really think it's a good thing for a state to be so desperate that it'll encourage foreign investment knowing that large portions of the profits will leave the jurisdiction in order to get crumbs for its residents?
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:18 PM
Response to Reply #70
78. Yeah, we sure are doomers and haters - but you apparently live in a fairy tale land
Tell me, where are the well-paying jobs these days? Where are the jobs being created?

Don't bother, I don't need to hear bullshit spin.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:20 PM
Response to Reply #70
80. "Silicon Valley 'Bloodbath' Leaves Entire Office Buildings Empty"
http://www.businessweek.com/bwdaily/dnflash/content/jan...

...Unemployment in the San Jose-Sunnyvale-Santa Clara metro area that includes Silicon Valley was 11.8 percent in November, down from the August record of 12.1 percent, according to California's Employment Development Department. Applied Materials Inc. and Sun Microsystems Inc. in Santa Clara and Adobe Systems Inc. in San Jose announced more than 5,000 job cuts since October amid falling sales of computer chips, software and equipment.

Commercial property foreclosures will at least double in 2010 and job growth won't return for two years after that, held back by U.S. consumers who are saving more and "getting back in line with sustainable spending habits," Haveman said.

DOMINO EFFECT

Bloated inventory and tight lending standards will curtail office construction in pockets around California for "the next several years," said Jack Kyser, founding economist of the Kyser Center for Economic Research at the Los Angeles Economic Development Corp.


"That means there won't be jobs for construction workers and hence no tax revenue from sales of construction materials," Kyser said. "It is the ultimate domino effect."
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:22 PM
Response to Reply #70
82. "Personal Bankruptcy Filings Rising Fast"
http://online.wsj.com/article/SB126263231055415303.html...

The number of Americans filing for personal bankruptcy rose by nearly a third in 2009, a surge largely driven by foreclosures and job losses.

And more people are filing for Chapter 7 bankruptcy, which liquidates assets to pay off some debts and absolves the filers of others. That is significant because a 2005 overhaul of federal bankruptcy laws aimed to encourage Chapter 13 filings, which force consumers to sign onto debt-repayment plans in exchange for keeping certain assets.

The changes were designed to make it more difficult for people to shed their debt, particularly in a Chapter 7 filling. A "means" test, for example, was introduced to separate those who could afford to repay their debt from those who couldn't. A Chapter 7 filing is off the table if the means test determines a person is able to pay back at least a portion of the debt after it is restructured.....
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:23 PM
Response to Reply #70
84. "Krugman Sees 30-40% Chance of U.S. Recession in 2010 (Update1)"
http://www.bloomberg.com/apps/news?pid=20601087&sid=adE...

an. 4 (Bloomberg) -- Nobel Prize-winning economist Paul Krugman said he sees about a one-third chance the U.S. economy will slide into a recession during the second half of the year as fiscal and monetary stimulus fade.

It is not a low probability event, 30 to 40 percent chance, Krugman, an economics professor at Princeton University, said today in an interview in Atlanta, where he was attending an economics conference. The chance that we will have growth slowing enough that unemployment ticks up again I would say is better than even.

Krugman, 56, said the Federal Reserves plan to end purchases of $1.25 trillion of mortgage-backed securities and about $175 billion of federal agency debt in March could spur an increase in mortgage rates and lead to declines in home sales and prices.

Fed Chairman Ben S. Bernanke and his fellow policy makers, seeking to revive credit markets, cut the benchmark interest rate almost to zero in December 2008 while switching to asset purchases and credit programs as the main policy tools. The U.S. central bank has expanded its balance sheet to $2.24 trillion from $858 billion at the start of 2007.

Probably mortgage rates go up some, Krugman said. Housing sales may falter, he added.

.....
Printer Friendly | Permalink |  | Top
 
jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:25 PM
Response to Reply #84
86. Krugman sees 60-70% chance that we will NOT slide back into recession - BFD
too bad
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:26 PM
Response to Reply #84
87. Here's where the cheerleaders turn on Krugman
Since they switched quickly when he started talking in a positive light about their health care "reform".

Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:29 PM
Response to Reply #87
88. The fact that Krugman has any doubts at all and has publicized them
is the real story there.
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:29 PM
Response to Reply #88
89. Exactly right.
Krugman hasn't been exactly optimistic about the current economic environment. Many economists feel the same.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:39 PM
Response to Reply #89
100. He's also trying not to panic people: he doesn't work that way
If he's out there saying 30-40%, it's probably worse.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:31 PM
Response to Reply #88
90. Here's more from Krugman: Beware the Blip
http://www.nytimes.com/2010/01/04/opinion/04krugman.htm...

That 1937 Feeling

By PAUL KRUGMAN
Published: January 3, 2010

Heres whats coming in economic news: The next employment report could show the economy adding jobs for the first time in two years. The next G.D.P. report is likely to show solid growth in late 2009. There will be lots of bullish commentary and the calls were already hearing for an end to stimulus, for reversing the steps the government and the Federal Reserve took to prop up the economy, will grow even louder.


But if those calls are heeded, well be repeating the great mistake of 1937, when the Fed and the Roosevelt administration decided that the Great Depression was over, that it was time for the economy to throw away its crutches. Spending was cut back, monetary policy was tightened and the economy promptly plunged back into the depths.

This shouldnt be happening. Both Ben Bernanke, the Fed chairman, and Christina Romer, who heads President Obamas Council of Economic Advisers, are scholars of the Great Depression. Ms. Romer has warned explicitly against re-enacting the events of 1937. But those who remember the past sometimes repeat it anyway.

As you read the economic news, it will be important to remember, first of all, that blips occasional good numbers, signifying nothing are common even when the economy is, in fact, mired in a prolonged slump. In early 2002, for example, initial reports showed the economy growing at a 5.8 percent annual rate. But the unemployment rate kept rising for another year.....


If the economy were doing fine, Krugman would not be arguing for more stimulus money.
Printer Friendly | Permalink |  | Top
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:31 PM
Response to Reply #84
91. Nikki, slow down.
If you feed them too much reality, to fast, they'll :puke: :puke: :puke:
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:34 PM
Response to Reply #91
95. And then there's always the rising oil prices that could scuttle everything
http://www.calculatedriskblog.com/2010/01/oil-prices-pu...

Oil Prices Push Above $81 per Barrel

From the NY Times: Oil Surges Above $81, Driven by Several Factors

A combination of frigid weather, expectations of an improving economy and new tensions between Russia and Belarus catapulted crude oil prices above $81 a barrel on Monday.
Higher prices could impact the U.S. economic recovery (it is probably time to start watching U.S. vehicle miles driven again).

Back in the Spring of 2008, we started seeing many signs of potential demand destruction - including fewer U.S miles driven, Asian countries reducing gasoline subsidies, and China stock piling oil for the Olympics.

And maybe we are seeing the first signs of demand destruction again, since the Dept of Transportation reports that U.S. vehicle miles declined in October: Traffic Volume Trends....
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:36 PM
Response to Reply #91
98. That's a bad thing? nt
Printer Friendly | Permalink |  | Top
 
704wipes Donating Member (966 posts) Send PM | Profile | Ignore Wed Jan-06-10 07:48 PM
Response to Original message
38. $100 bet most were over 45 and a 'drain' on company health ins
I hope a bunch of them were freepers too.
See how they like this country's insurance shit sandwich.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 07:52 PM
Response to Original message
45. K & R Jake
:patriot:
Printer Friendly | Permalink |  | Top
 
thunder rising Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:13 PM
Response to Original message
68. However, the good news is that 65,000 H1-B got jobs. You gotta see the positive side
So, in fact we gained jobs. We just didn't get to work 'em.
Printer Friendly | Permalink |  | Top
 
TornadoTN Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:17 PM
Response to Reply #68
76. Bbbbbuttt those are jobs no American's want!!!!
:sarcasm:

I get the H1-B stuff at work, begging me to hop onto the newest big thing in the industry - hire people from out of the country to come in and do the work for you - at a lower price!!!

It's pathetic that we are still allowing this to go on. I've got two full drawers of a filing cabinet filled with applications from people in our area desperately looking for work.
Printer Friendly | Permalink |  | Top
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:35 PM
Response to Reply #68
96. .
:wtf: :wow:

sez it all.
Printer Friendly | Permalink |  | Top
 
Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:32 PM
Response to Original message
93. Cue: "DECEMBER??? OLD NEWS!!!" with a bunch of blue links
Printer Friendly | Permalink |  | Top
 
Name removed Donating Member (0 posts) Send PM | Profile | Ignore Wed Jan-06-10 08:37 PM
Response to Reply #93
99. Deleted sub-thread
Sub-thread removed by moderator. Click here to review the message board rules.
 
Dr.Phool Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:43 PM
Response to Original message
101. Kick
where it can be seen.
Printer Friendly | Permalink |  | Top
 
StarfarerBill Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:50 PM
Response to Original message
104. K&R
Printer Friendly | Permalink |  | Top
 
Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 08:59 PM
Response to Original message
106. I hope the gift card industry is hiring engineers
Or McDonald's is hiring sociologists.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 09:08 PM
Response to Reply #106
108. Huge growth in Gift Cards this year....huge, they saved Christmas. nt.
Printer Friendly | Permalink |  | Top
 
Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 09:11 PM
Response to Reply #108
109. You know, I believe it
Edited on Wed Jan-06-10 09:13 PM by Canuckistanian
We sent out a massive amount of Xmas cards this year. More than usual, probably in lieu of an actual visit and gift exchange.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 09:17 PM
Response to Reply #109
110. The online sale/gift card thing on my post yesterday
Let's say there was a 10% increase in both. It still probably doesn't cover the retail missing in the tax data. 10% sounds huge but if someone told me there was a 5% decrease in traditional retail and a 10% increase in those categories, they would have to be half the size of the traditional to make up for it.

:shrug:
Printer Friendly | Permalink |  | Top
 
WT Fuheck Donating Member (392 posts) Send PM | Profile | Ignore Wed Jan-06-10 10:30 PM
Response to Original message
124. the government we elected in 2006 and 2008 to change things and save the economy
has done neither. Indeed, they haven't even tried.
Printer Friendly | Permalink |  | Top
 
scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 10:47 PM
Response to Original message
125. AllentownJake with more misleading spin
The consensus among economists was that the ADP report would show a drop of 90,000 jobs.

It showed 84,000 instead... 6,000 better than the projection.


It is also the best ADP report in 25 months.


In summary... It is good news.


But AllentownJake has an agenda.... so he's dishonest.
Printer Friendly | Permalink |  | Top
 
girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 11:03 PM
Response to Reply #125
127. The story is from the Business Insider, not AllentownJake.
The consensus was for 75K jobs lost, not 90k. Therefore, the number came in 9,000 worse than projected.

I'm sorry, but I didn't hear from one single, solitary analyst today who considered this report "good news".

What's in the water you people drink?
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 11:14 PM
Response to Reply #127
129. Do you want an answer to that question? nt.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 11:15 PM
Response to Reply #125
130. rofl
Well it's better than the hate mail.
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 11:35 PM
Response to Reply #125
132. "The Street was expecting a number around 75k"
http://www.businessinsider.com/the-private-sector-lost-...

So 84K is actually 9,000 more jobs lost than what they expected, according to the article. I don't know where you got your 90K figure from; it's certainly not in the article Jake posted.
Printer Friendly | Permalink |  | Top
 
AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-07-10 12:07 AM
Response to Reply #132
133. CNBS (CNBC) or made it up to attack my character. nt
Printer Friendly | Permalink |  | Top
 
Nikki Stone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-07-10 12:20 AM
Response to Reply #133
134. Please don't make me laugh
when I have splitting headache!
:rofl:
Printer Friendly | Permalink |  | Top
 
debbierlus Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-06-10 10:48 PM
Response to Original message
126. This is a disaster.
Printer Friendly | Permalink |  | Top
 
earth mom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-07-10 08:22 AM
Response to Original message
138. I keep reading on DU that 40 to 50 THOUSAND factories have closed since 2000.
Edited on Thu Jan-07-10 08:29 AM by earth mom
But can't find a link to back it up.

Anyone have one?

Because I'd like to have that link handy to shove in the cheerleaders faces.

Also-K & R the OP! :kick:
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Fri Nov 24th 2017, 12:51 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC