Humpday Website Find | Main | BBC Pays For Islamic Paintballing Trip As Part of Program Spoofing Islamophobia; Turns Out Two of Their Junketeers Were Terrorist Bombers
December 05, 2007

189,000 New Jobs; Stock Up On Canned Goods, Diamonds, Shotguns and Guard Dogs

The coming economic apocalypse is going to be all that much worse. Note this is not the official government payroll number but a private estimate.

Private employers added 189,000 jobs in November, a report by a private employment service said on Wednesday, much higher than market expectations and the biggest monthly increase in a year.

Wall Street economists had expected private sector jobs of 50,000 last month. In October, new private sector jobs were revised to 119,000 from 106,000.

The ADP report suggests Friday's closely watched payrolls report from the government, which includes public and private sector hiring, could be much stronger than expected.

Assuming government payrolls expand by 19,000, which is the average monthly increase over the last 12 months, Macroeconomic Advisers said this implies an estimated 208,000 increase in total non-farm payroll employment.

According to the latest Reuters poll of economists, the U.S. Labor Department on Friday is expected to show 75,000 non-farm jobs were created in November, down from 166,000 the previous month.

"While the market typically discounts the ADP report, a number this far out of the cloud could cause economists to revise their expectations for Friday," said Brian Dolan, chief currency strategist, at Forex.com in Bedminster, New Jersey. "We will also now have to keep an eye on the Fed funds futures markets go see if they price in a reduced expectations of a rate cut next week," he added.

Thanks to krakatoa for both the tip and the joke.


digg this
posted by Ace at 12:16 PM

| Access Comments




Recent Comments
Apple Fritters While Rome Burns: "88. Did you do a good job of it? I mean, not just ..."

ryukyu: "291 The doctor's lounge at the main hospital I wor ..."

#neverskankles: "Every "smart" person was sure Trump would lose by ..."

Professor Chaos aka gumdrop gorilla: "Posted by: Insomniac - Getting Microaggressed on t ..."

buzzion: "[i]290 As ridiculous as it is the left is still ..."

Bandersnatch: "[i]The doctor's lounge at the main hospital I work ..."

The MFM: "This is a very localized story that's not in the p ..."

Apple Fritters While Rome Burns: "84. Naah....that'd just get willow in on it ..."

Tinfoilbaby: "Do the Dodgers and Cubs play again today? I'm on s ..."

Kreplach: "We knew the fix was in when immunity deals were be ..."

teej : "Golf? Heh. My favorite doc puts in 55-60 hour wee ..."

Shopgirl: "Schlicter on with Liz Mac/FBN. Damn, Colonel!! I ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64