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Nov. ADP Private Payrolls Report: -169K vs. -150K expected and -203K in October. November was...

Nov. ADP Private Payrolls Report: -169K vs. -150K expected and -203K in October. November was the eighth straight month during which the decline in employment moderated. "Although overall economic activity is stabilizing, employment usually trails economic activity, so it is likely to decline for at least a few more months."
Comments (6)
  • Papaswamp
    , contributor
    Comments (2218) | Send Message
    well gold and silver will probably jump


    I'm sure the market will shake this off and say 'look fewer people lost their jobs...that must be good'.


    The mammoth thinking to itself "I didn't sink as far into the tar pit as I did yesterday...that must be good." Not realizing that it was dead anyway.
    2 Dec 2009, 08:17 AM Reply Like
  • bbro
    , contributor
    Comments (10755) | Send Message
    less firing but no hiring
    2 Dec 2009, 08:20 AM Reply Like
  • youngman442002
    , contributor
    Comments (5129) | Send Message
    This is good all those people can occupy the vacant office space in DUBAI...government jobs...occupy space and do nothing..
    2 Dec 2009, 08:34 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
    This is not good. Jobs lost is just that, and nothing else can be bullishly extracted from it. If the doctor says you're dieing slower than you were last month, guess what?'re still dieing.


    I like the "trailing indicator" blanket statement yet again thrown into the report. I've never seen "trailing" last years. That one's as tired as "green shoots" and all the other financial media pump bs.
    2 Dec 2009, 08:36 AM Reply Like
  • Aussie Knight
    , contributor
    Comments (21) | Send Message
    ADP can spin it too. That report is impressive...


    Buy Buy Buy !!!
    2 Dec 2009, 08:37 AM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
    Exactly, all this means is that more people have more time to buy things like GM and Chrysler cars. Going into deeper debt while unemployed is the American way!


    This is a positive for the market. Rally on.


    Oh, wait, that takes some money? Here some fresh dollars, you can still smell the ink.
    2 Dec 2009, 11:44 AM Reply Like
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