
03-07-2012, 05:04 PM
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Keeneland
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Join Date: Mar 2007
Posts: 14,153
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Jobless report continues to improve - GOP heads explode
God's Own Party, in the face of improving jobless numbers during a Democratic administration, double down on calling women sluts, screaming falsely about losses of religious freedomz, and blaming people with no control of the subject about gasoline prices.
Meanwhile, the rest of the United States is trying to move forward in the 21st century.
Quote:
Private-sector jobs report better than forecast, hinting at 220,000 government report Friday
Automatic Data Processing, Inc. reported this morning that the economy generated 216,000 private-sector jobs in February, well up from the revised 173,000 the firm reported for January, and above consensus expectations of 208,000. The monthly report by the government's Bureau of Labor Statistics, which surveys changes in both private- and public-sector jobs, will be released Friday.
ADP processes over 500,000 payrolls for some 430,000 separate businesses, covering more than 23 million employees nationwide. It is from those data that the jobs report is gleaned by Macroeconomic Advisers, LLC.
Every month, two days before the BLS releases its report, ADP releases its own. While the up or down trend of both reports usually meshes, analysts frequently point to the disparity in the actual count between the two. Indeed, over the past six years, that disparity has averaged 122,000 jobs for December, and it averages 75,000 across all months. So, the analysts say, ADP's report must be taken with a grain of salt. However, the ADP and BLS reports for Februarys since 2006 have exhibited the least disparity, averaging a difference of just 25,000 jobs between the two.
If that average holds, then Wednesday's ADP report is a good omen for Friday's BLS report.
More detail, plus charts, graphs, at:
http://www.dailykos.com/story/2012/0...day?via=blog_1
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