Sponsored Content




Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info
Cutting The Cord And Email Security
Moron Meet-Ups





















« Important Point From NumberMuncher | Main | Michigan: 2 Point Seven Damn Points »
October 31, 2012

ADP Changes Methodology of Job-Counting;
One Analyst Thinks The Change Suggests That Friday's Revisions "Will Be a Disaster"

Assuming the BLS even releases data on Friday, which they're still hedging about. Update: Just heard on Fox the BLS is saying they will deliver the report on time.

ADP is a big payroll-service firm which releases its own assessment of job growth (or job losses), based partly on its own data.

Their new methodology occasioned a revision to their already-reported September figures.

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

...


The soft ADP count could add credence to those who believe the pace of job creation is slower than the government's numbers indicate.

"It's huge, no doubt about it," said Todd Schoenberger, managing principal at the BlackBay Group in New York. "Their changing the methodology tells me that if the number is cut in half with that revision, then the revision we're going to see Friday is going to be a disaster."

I kind of hate posting expectations-game things like this. If a guy says it might be a disaster, then any non-disaster figure becomes a "win" for Obama.

Still, it's so grabby a quote I have to publish it.

But let's all remember the sudden appearance of almost a million new jobs last month, indicating a torrid pace of jobs growth that somehow managed to not show up anywhere else in America besides BLS' poll.

Update: Just heard on Fox that the "consensus" estimate from Wall Street analysts is an uptick in the unemployment rate.

Then again, who knows? Maybe another 1,000,000 phantom jobs will suddenly appear.


digg this
posted by Ace at 03:30 PM

| Access Comments




Recent Comments
Anna Puma: "True cruelty would ahve been for Mr. No-Bicep to f ..."

Jim[/i][/b][/s][/u]: "Too bad the 20 ft. drag wasn't face down. J ..."

torabora : "In civil court he's going to accent his new infirm ..."

Shemeeka LaToya LeRoys Simpson, Smug Black Gal: "The driver was black. Black people are never at fa ..."

Czech Chick: "Karma who? ..."

Blake - semi lurker at large: "There's no telling what may have happened to that ..."

Montec: "Any insurance adjuster with a heart will declare t ..."

Family members won't listen to Gandalf anymore: "Okay, I watched the video. It's crazy to think th ..."

Muchas buchas: "Yo bitch get out the way! ..."

Sponge - F*ck Joe Biden: "[i]---- I think you mean "Kinderfüken" Post ..."

gourmand du jour: "It wouldn't have happened if he was in prison wher ..."

ShainS -- Deplorable AND Listless Vessel AND Overimaginative Scamp [/b][/i][/s][/u]: "And he was just on his way off to college ... damn ..."

Recent Entries
Search


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)
Powered by
Movable Type 2.64