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Nov. ADP Jobs Report: +93K vs. +70K expected and +82K prior (revised from +43K). The numbers...

Nov. ADP Jobs Report: +93K vs. +70K expected and +82K prior (revised from +43K). The numbers suggest the employment situation is 'brightening somewhat,' but gains of this magnitude aren't enough to lower the unemployment rate, which will likely remain above 9% for all of 2011.
Comments (21)
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    Hallelujah, hallelujah, hallelujah! It's about time we saw some light at the end of the tunnel even if it is dim.
    1 Dec 2010, 08:19 AM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    ...2 more points for Gryffindor....
    1 Dec 2010, 08:25 AM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    the gloomers are going to have to work hard on this one.

     

    must be all the census takers got rehired as foreclosure processors

     

    clearly this is a bad thing...after all Capitalism has been setroyed and Moral Hazard runs rampant....fire them all...let's close all the banks....and go back to ground zero....that's the only way...the pure way...

     

    E
    1 Dec 2010, 08:27 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    After what has been spent on all the bailouts we should be seeing improvement.

     

    Some of us believe that the ends do not justify the means - I am not a supporter of crony capitalism where profits are private and losses are socialized.

     

    The solution to any problem is not binary so regardless of the results it does not mean we should not question the approach - remember as the cliche goes, Hitler built some nice roads.
    1 Dec 2010, 08:38 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    Free Market system has been destroyed...otherwise the primary dealers wouldn't need weekly bailouts from the fed. There is still alot of pain ahead for many BUT...
    The part of the report I do like:
    "Employment among small-size businesses, defined as those with fewer than 50 workers, increased by 54,000."

     

    Small business revival is key to any recovery. This to me is the real bright spot. As long as this trend continues, the long slog out of the hole has finally begun.
    1 Dec 2010, 08:38 AM Reply Like
  • jpiretti
    , contributor
    Comments (710) | Send Message
     
    You had me until you mentioned Hitler.
    1 Dec 2010, 09:05 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    jpiretti,

     

    Just illustrating the absurdity of the argument of the "means justifying the ends".

     

    Just a tweak. No offense meant.
    1 Dec 2010, 09:27 AM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    Hitler is the Glen Beck - Tea Party Poster Boy.

     

    the narrative goes - he did these things at the beginning to get emloyment up and to improve the economy - he intervened in markets etc. etc. and then he turned out to be a monster.

     

    then they look at TARP and Stimulus and other things and they say...see...this is how Hitler started...and they they want you to believe that yes...this is the road to National Socialism.

     

    you can see it all through the threads on SA. Does the end justifty the means....never...better to go down in flames and die than become like...Nazi Germany.

     

    You have to have an IQ of 80 to 95 to buy it - sadly about 30% of the populaion is right there...more than enough viewers for Glen Beck or for the TP to get some folks elected....why, oh why wasn't Christine O'Donnell elected - what a pity - the comedic valus alone would have made it worth it..

     

    This is why when I feel a little grumpy I tune into the Glen Beck clown show or just read some of the usual suspects on SA. I soon snap out of it.

     

    E
    1 Dec 2010, 10:07 AM Reply Like
  • Hubert Biagi
    , contributor
    Comments (689) | Send Message
     
    Lol, you have it backwards, or muddled, at best. The bailouts, TARP, FED funds, did work, and will not cost the taxpayers anything. Their accounting is open and transparent, one of the most scrutinized government programs ever.

     

    The "stimulus" accounting will never be forthcoming. It has long disappeared into the state coffers. Meanwhile, under the Obama administration the number of federal employees receiving $100k+ compensation has exploded. The public sector is now compensated at a rate double that of the private sector. And for the first time, the union membership in the public sector has surpassed the private sector. All this while we are in a severe recession.

     

    The stimulus, it turns out, is the mother of all slush funds. No comparison to the TARP, which is all but paid back.
    1 Dec 2010, 10:20 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    Edoc,

     

    TARP began under Bush.

     

    I do not equate Obama with Hitler nor do I feel the same way with Bush.

     

    The cliche is a cliche for a reason - it's been around a while (at least as long as I have been an adult) and it always elicits a response hence its use in forums like this.

     

    :)
    1 Dec 2010, 10:21 AM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    TARP was a good idea. Bush in his last 12 months was a decent President. Once he got rid of Cheney and Rummy...

     

    Was it you or one of the other clowns refering to the "Goebbels financial media" on one of these threads. Was it Tweedledum or Tweedledummer?

     

    Come on - it's ok. You can fess up. you think we are on the road to National Socialism and only patriots like Palin and Paul can save us.

     

    E
    1 Dec 2010, 03:14 PM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    According to the press release it says this is the highest number in 3 years by their measurements.

     

    You have to assume that the report on Friday should show growth in the neighborhood of 200,000 jobs which would be a nice improvement.
    1 Dec 2010, 08:42 AM Reply Like
  • KTS
    , contributor
    Comments (48) | Send Message
     
    These gains are barely enough to cover population growth...

     

    While we aren't losing hundreds of thousands of jobs per month, we're basically stalled and with a split government, I fail to see how this situation will get markedly better.
    1 Dec 2010, 08:50 AM Reply Like
  • bbro
    , contributor
    Comments (9319) | Send Message
     
    Geez chillens....you think housing prices are going to collapse if
    employment stays positive??? much less if it moves into the plus 150 to 200 range....
    1 Dec 2010, 09:18 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    I think housing will stay down. Americans are discovering in order to adapt to changing job situation they must be mobile...a home does not make one mobile....renting on the other hand does. We may see a different type of housing situation evolve. I know several families that one spouse works in one city and the other in another. They rent. Being able to quickly move to where companies need you seems to be a more popular theme.
    1 Dec 2010, 02:06 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    RV Sales are brisk here. Not sure if this is retirees or people who want to stay mobile.
    1 Dec 2010, 10:51 PM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    I repeat for all of you who have found something here to complain about.
    Hallelujah, hallelujah, hallelujah! It's about time we saw some light at the end of the tunnel even if it is dim.
    1 Dec 2010, 09:20 AM Reply Like
  • KTS
    , contributor
    Comments (48) | Send Message
     
    Light at the end of the tunnel would be SUBSTANTIAL job growth over a period of 2-3 quarters.
    1 Dec 2010, 09:27 AM Reply Like
  • Rickthegeek
    , contributor
    Comments (118) | Send Message
     
    It is still less than the 250,000 per month needed to bring the unemployment rate down. As it is, the unemployment rate will remain over 9% for the foreseeable future and the true number is 20% for those who have given up looking for a job and and their benefits have run out. And, I would not place a lot of faith in the ADP numbers, the proof is their revision of last months numbers. THEY WERE OFF BY 50%!!!!!!! So does that mean these current numbers are off by 50% also? So, 90,000 could become 45,000 next month, or could be 180,000? What kills me is that this is market manipulation at it's best. The DOW rally is based on a number that may or may not be true and we are still way below what we need to get this country on the road to reducing the unemployment rate.
    1 Dec 2010, 11:12 AM Reply Like
  • Duude
    , contributor
    Comments (3358) | Send Message
     
    Well, you have to learn to crawl before you can walk. I just want to walk before I'm eligible for social security.
    1 Dec 2010, 04:23 PM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
     
    It appears that the Market was more enthusiastic about the jobs number than this group.
    1 Dec 2010, 05:31 PM Reply Like
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