ADP private sector employment well below forecasts, 119000 vs 170000 forecast, March number revised downward, Friday payroll and employment rate may be worse than expected

ADP private sector employment well below forecasts, 119000 vs 170000 forecast, March number revised downward, Friday payroll and employment rate may be worse than expected

“What do you think a stimulus is? It’s spending – that’s the whole point! Seriously.”…Barack Obama

“…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.”…Margaret Thatcher

“New, more-accurate estimates show North Carolina’s unemployment rate stayed above 10 percent throughout 2011, falling to 10.2 percent in January in a key election battleground state, the state Commerce Department reported today.”…Greensboro News Record March 14, 2012

From CNBC May 2, 2012.

“Private Sector Adds Just 119,000 Jobs in April: ADP”

“Private-sector employment increased by just 119,000 in April, according a report from ADP that puts a dent into the notion that the jobs market is on the path to a solid recovery.

The report was well below forecasts of 170,000 and comes after a string of stronger numbers.

ADP said service-sector jobs rose by 123,000, but construction fell by 5,000, falling for the first time since September 2011. Manufacturing also lost 5,000, while goods-producing dropped 4,000. Financial services added 13,000 jobs.

The March number was revised downward from 209,000 to 201,000, according to the report, which is done in conjunction with Macroeconomic Advisors.”

“The ADP, then, could be a signal that the payrolls report and the accompanying unemployment rate , due this Friday, could be worse than the expected 168,000. March’s Bureau of Labor Statistics number also was soft, coming in at just 120,000. The report comes as weekly jobless claims have been on a steady trek higher as well.

At the same time, Federal Reserve Chairman Ben Bernanke and his fellow policymakers at the central bank have expressed worry that the employment picture ahead is likely to be weak.

“Today’s miss on the ADP number confirms a broader slowdown in activity more in-line with what the ISM regional data showed earlier in the week and corroborating Bernanke’s hypothesis that the fourth-quarter labor market improvement represented a snapback and that the journey out of the financial crisis is likely to remain arduous,” said Andrew Wilkinson, chief economic strategist at Miller Tabak in New York.

“That in turn requires the Fed to keep its shoulder to the wheel and maintain downwards pressure on yields and the balance sheet wider than the Grand Canyon,” he added.

Carlos Rodriguez, president of ADP, said the April numbers are consistent with the first-quarter gross domestic product growth of 2.2 percent, which also was well below economists’ projections and primarily reflected a cutback in government spending.”

http://www.cnbc.com/id/47260289

 

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23 responses to “ADP private sector employment well below forecasts, 119000 vs 170000 forecast, March number revised downward, Friday payroll and employment rate may be worse than expected

  1. Free Speech

    http://voxxi.com/why-rubio-is-villaraigosa-lite/

    Why Marco Rubio is Antonio Villaraigosa lite

    Many Latino leaders outside Florida…privately feared that Rubio as a vice presidential nominee could prove a disappointment nationally — and possibly an embarrassment…

  2. Free Speech

    From previous thread:

    http://voxxi.com/us-attorney-general-alberto-gonzales-why-rubio-is-not-ready-for-vp/

    Alberto Gonzales: Why Marco Rubio is not ready for VP

    http://en.wikipedia.org/wiki/Alberto_Gonzales

    Alberto R. Gonzales (born August 4, 1955) was the 80th, and the first Hispanic United States Attorney General, appointed in February of 2005 by President George W. Bush, becoming the highest highest-ranking Hispanic in government to date.

    Alberto Gonzales was born to a Catholic family[3] in San Antonio, Texas, and raised in Humble, a town outside of Houston. Of Mexican descent, he was the second of eight children born to Pablo and Maria Gonzales. His father, who died in 1982, was a migrant worker and then a construction worker with a second grade education. His mother worked at home raising eight children and had a sixth grade education. Gonzales and his family of ten lived in a small, two-bedroom home built by his father and uncles with no telephone and no hot running water.

  3. Free Speech

    http://tucsoncitizen.com/hispanic-politico/2012/04/14/former-ag-gonzales-rubio-not-a-wise-vp-pick/

    The Tequila Party agrees with former Attorney General Alberto Gonzales. Rubio is a mere junior Senator with little executive experience and Rubio as VEEP would prevent the Republican Party from blaming the direction of this Country on President Obama (who was also once a junior Senator when elected as President). President Obama would now have 4 years of executive and federal experience, but Rubio is still a political virgin at the federal level.

    Marco Rubio is received well among Cubans which makes up only 3% of the total Hispanic population; but he is not received well amongst those of Mexican descent. Mexican-Americans make up of almost 70% of the total Hispanic population.

  4. Free Speech

    http://www.minutemanproject.com/article.php?id=96
    Why Rubio won’t help GOP get Latino vote

  5. Free Speech

    http://www.commentarymagazine.com/2012/04/27/rubio-mexican-american-vote-vice-presidential-nomination/

    What good does it do the ticket for Rubio to be popular with whites and Cuban-Americans? Republicans are likely to get the majority of those votes anyway. His value is all wrapped up in how well he plays with Mexicans and Mexican-Americans. And right now, the answer is “not well.”

  6. What!…and no “bimbo eruptions”?!!

    Obama: ‘New York girlfriend’ was composite

    But Obama has now told biographer David Maraniss that the ‘New York girlfriend’ was actually a composite character, based off of multiple girlfriends he had both in New York City and in Chicago.

    http://www.politico.com/blogs/media/2012/05/obama-ny-girlfriend-was-composite-character-122272.htm

  7. http://gizmodo.com/5906940/this-treasure-hunter-says-he-has-located-bin-ladens-body

    OT…..
    This Treasure Hunter Says He Has Located Bin Laden’s Body

    Now he just has to get a bunch of $$ and go get him!!! that is, if some “other” folks don’t get there first…or the little fishies.

  8. Six army battalions called up under emergency orders to meet growing threat on Egypt, Syria bordersKnesset approves IDF request to call up a further 16 battalions if needed

    http://www.timesofisrael.com/knesset-approves-call-up-of-22-idf-battalions/

  9. Philo-Publius

    I posted this at the end of the last topic but I’m reposting here so it will not be missed.

    Since Chief Justice Waite said in 1874 (Minor) that “the Constitution does not, in words, say who shall be natural born citizens. Resort must be had elsewhere to ascertain that…”, we can logically conclude that that resort must be limited to what (documents, law, etc) existed up to and prior to 1874 when he made his ruling. Justice Waite certainly was not inferring by resort must be had elsewhere to include looking for a definition at something yet to be written in the future.

    That means those attempting to define NBC CANNOT site any authority beyond 1874.

  10. Rinos and others pushing for Rubio to be the Repub V.P. are just showing their shallowness and fickleness. So what else is new?

  11. observer | May 2, 2012 at 1:28 pm —

    “But Obama has now told biographer David Maraniss that the ‘New York girlfriend’ was actually a composite character, based off of multiple girlfriends he had both in New York City and in Chicago.”
    ===========
    Jack Cashill:

    “Barack Obama’s Missing Girlfriends”

    “In Dreams, in fact, the only lover Obama talks about is the mystery woman in New York. Although he speaks of her only briefly and in retrospect, he does so vividly and lovingly. “She was white,” he tells Auma. “She had dark hair, and specks of green in her eyes. …

    … then she is almost surely grounded in the real-life person of Diana Oughton, Ayers’ lover who was killed in a 1970 Greenwich Village bomb factory blast. Ayers was obsessed with Oughton. In Fugitive Days, he fixes on her in ways that had to discomfit the woman that he eventually married, their fellow traveler in the Weather Underground, Bernardine Dohrn.

    Physically, the woman of Obama’s memory, with her “dark hair, and specks of green in her eyes,” evokes images of Oughton. As her FBI files attest, Oughton had brown hair and green eyes. The two women share similar family backgrounds as well. In fact, they seem to have grown up on the very same estate.”

    http://www.americanthinker.com/2010/04/barack_obamas_missing_girlfrie.html

  12. citizenwells

    Philo, bingo!

  13. Philo-Publius | May 2, 2012 at 1:45 pm |
    That means those attempting to define NBC CANNOT site any authority beyond 1874.
    **************************************
    We who believe in the original intent of the Founding Fathers would certainly agree. Most of us here do. The problem is that we are seeing a constant attempt in many areas and by many politicians to erode the absoluteness of the Constitution. Provision for changes has been made through amendment according to the method laid out in the Constitution itself.

    Should we be surprised when we have learned that many law graduates hardly ever really study the Constitution? To so many, it is archaic and has become a relic. That is one reason we are in so much trouble today.

  14. Free Speech

    http://www.politico.com/blogs/media/2012/05/obama-ny-girlfriend-was-composite-character-122272.html

    “During an interview in the Oval Office, Obama acknowledged that, while Genevieve was his New York girlfriend, the description in his memoir was a “compression” of girlfriends, including one who followed Genevieve [Cook] when he lived in Chicago,” Maraniss writes in his new biography, an excerpt of which was published online today by Vanity Fair.

    “None of this happened with Genevieve,” Maraniss writes. “She remembered going to the theater only once with Barack, and it was not to see a work by a black playwright. When asked about this decades later, during a White House interview, Obama acknowledged that the scene did not happen with Genevieve. “It is an incident that happened,” he said. But not with her. He would not be more specific, but the likelihood is that it happened later, when he lived in Chicago. “That was not her,” he said.

    —————————————-

  15. Mr. Bill(ms. helga)

    Sorry for being OT, but I would ask you all to say a Prayer for tthis young couple who just lost their 6 month old daughter to SMA. She was born on 11-11-11 which if you remember was the date the Armistice of the First World War was signed at exactly 11:11 AM in France.
    Godspeed Avery.

    http://www.dailymail.co.uk/news/article-2138015/Spinal-muscular-atrophy-Avery-Lynn-Canahuati-Bucket-List-blog-dies-months-old.html

  16. Free Speech

    Thanks Gordo & Observer! Looks like bo is about to get his “manly” beard shaved and get exposed for the homosexual that he is. Revelations about bo’s homosexually will destroy him in the Afro-American Christian Community.

    http://www.americanthinker.com/2010/04/barack_obamas_missing_girlfrie.html

  17. Free Speech

    http://usapolitics.thoughts.com/Brn2bfreetaxed2death/where-are-the-girlfriends-of-obama

    I hadn’t thought about this – but where are O’s past girlfriends – surely he had at least one? No past girl friends popping up anywhere? Strange – strange to the point of being downright weird!

  18. Mr. Bill, I’ll keep the grieving parents in my prayers. I know what they are going through.

  19. Free Speech

    http://www.cashill.com/intellect_fraud/about_obamas_missing.htm

    In his definitive Obama-friendly biography, the Bridge, David Remnick likewise falls silent on the subject of girlfriends, white or black.

    Remnick interviews hundreds of people in Obama’s life, but unless I missed something, he offers not a single interview of an Obama girlfriend.

    Obama biographer Christopher Andersen made a serious effort to identify the mystery white woman, but he failed.

    “No one,” he writes, “including [Obama’s] roommate and closest friend at the time, Siddiqi, knew of this mysterious lover’s existence.”

    To be sure, Obama did court and marry his wife Michelle. This tale of courtship, however, is strikingly devoid of any reference to love, sex, or romance.

    At his most passionate, Obama says of Michelle, “In her eminent practicality and Midwestern attitudes, she reminds me not a little of Toot [his grandmother].” That description must surely have warmed Michelle’s heart.

  20. Free Speech

    http://the-american-journal.com/obama-autobiography-not-completely-true/

    President Obama has admitted that his autobiography is not completely true, and that a girlfriend from New York never existed.

    Surprisingly a more shocking detail, that the President ate dog flesh is in fact true

  21. Free Speech

    Although there have been no photos of bo and his “girlfriends” on the internet heretofore, no doubt the obots are about to make a sudden document dump of PHOTOSHOPED pics of bo and all his Composite “girlfriends.”

    Obviously the obots are very concerned that the fact that bo is a homosexual is finally getting some traction in the press.

  22. Interested Bystander

    A certain someone commented:

    “Revelations about bo’s homosexually will destroy him in the Afro-American Christian Community.”

    What world do YOU live in?

    It wouldn’t matter if Obama was proven to have slept with hundreds of thousands of men.

    Most blacks simply believe he is black. That’s all they need.

  23. Philo-Publius | May 2, 2012 at 1:45 pm |

    Brilliant!

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