RE and economic charts: ADP National Employment Report: Dec = Private Employment increased 325,000 in December

Friday, January 6, 2012

ADP National Employment Report: Dec = Private Employment increased 325,000 in December

[mEDITate-OR:
assume that this very unreliable private payroll report
will tell U.S. all we need to know about this months BLS report in the mourning.
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It almost never does.
But, tis nice to look at.

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In the 2nd and 3rd charts are two comparisons of how the ADP report tracks with the following BLS employment reports.
What they both show U.S. is that THIS months ADP report is "off the charts".
What the last chart shows U.S. is that small and medium business are adding a lot of new jobs.
However what CR shows U.S. is that small businesses did NOT add very many jobs.
So, the disconnect is not just with BLS, but with other small business reports.

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and now for something totally different...
a much more sobering view
by someone who might just know...

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Outplacement agency Challenger reported 1.6% lower layoffs in December 2011 than November 2011
but an increase of 31% over December 2010 levels
– and capped off a 2011 which saw more layoffs than 2010.
Challenger does not see an improving jobs picture in 2012

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