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Author Topic: New ADP Count Slashes Job Creation for September  (Read 1527 times)

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Offline Tucker

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New ADP Count Slashes Job Creation for September
« on: October 31, 2012, 04:07:52 PM »
http://m.cnbc.com/breaking_news/49620569/1

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New ADP Count Slashes Job Creation for September
CNBC.com | October 31, 2012 | 12:54 PM EDT

Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.

ADP's new calculations put the monthly job creation at just 88,200, down from the 162,000 the firm originally reported earlier this month.

It was expected as all of his earlier reports have been adjusted as well.
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Come to think of it, unions do create jobs. Companies have to hire two workers to do the work of one.

Offline formerlurker

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Re: New ADP Count Slashes Job Creation for September
« Reply #1 on: October 31, 2012, 05:08:27 PM »
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The soft ADP count could add credence to those who believe the pace of job creation is slower than the government's numbers indicate.

Gee, ya think?

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Offline Dori

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Re: New ADP Count Slashes Job Creation for September
« Reply #2 on: October 31, 2012, 05:56:02 PM »
Quote from: Tucker on October 31, 2012, 04:07:52 PM
http://m.cnbc.com/breaking_news/49620569/1

It was expected as all of his earlier reports have been adjusted as well.


by almost 50%?  What were they doing, double counting?
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Offline DefiantSix

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Re: New ADP Count Slashes Job Creation for September
« Reply #3 on: October 31, 2012, 05:58:33 PM »
Quote from: Dori on October 31, 2012, 05:56:02 PM
by almost 50%?  What were they doing, double counting?

No, that might lead to facts, which could possibly be questioned.  Dhimmi'Rats, when numbers are required, always pull them out of their own assholes, thus ensuring that the figures would have had no prior contact with reality.
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