Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!


Contact
Ace:
aceofspadeshq at gee mail.com
Buck:
buck.throckmorton at protonmail.com
CBD:
cbd at cutjibnewsletter.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com


Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
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:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups






















« "Teen" Vogue: Morbid Obesity Is a Great Way for Black People to Combat White Supremacy | Main | High-Ranking Google Employee Assaulted Pro-Life Demonstrator »
September 05, 2019

ADP Payrolls Report: 195,000 Jobs Added in August, Crushing Expectations

Where's Kurt? Why is Kurt never here except for one-day stock market drops?

Private employers added 195,000 jobs in August, according to the latest ADP National Employment Report, surging past analyst expectations of 149,000 even as recession fears continue to mount. Most hiring took place in the service-providing sector, with 184,000 new jobs created. Manufacturing hiring remained fairly steady, with 8,000 jobs added.

The official, US government jobs report drops tomorrow morning. Politico called that coming report "huge" as far as long-term economic outlook goes. Perhaps they wish to revise their beliefs on that now that the ADP report is signalling a strong US report.

Why Friday's jobs report is huge -- With manufacturing in recession and capital expenditures dropping, the strong consumer is the final leg holding up the U.S. economy. But the length of the work week dipped in July, often a leading signal that employers are cutting back. A sharp slow-down in job creation could follow.


MM spoke with Deutsche Bank chief international economist Torsten Slok: "The tax cut last year just didn’t lift capital expenditure. It boosted buybacks and dividends and it’s running out of steam. On top of that there is an unfortunate trade war that is intensifying and escalating...

"The non-farm payrolls on Friday are absolutely critical, specifically the work week. When you are a company and face more uncertainty you basically ask workers to work less ... It's the first sign of a crack in the labor market...

"The next step is maybe you don't need to make that next hire. … The last shoe to drop in this economy would be a slow down in job creation that impacts consumer spending."

S&P’s Beth Ann Bovino: "While one month does not make a trend, hours worked is a leading indicator worth noting. A prolonged drop in hours worked signals that businesses may reduce hiring, with layoffs and cutbacks in private spending to likely follow."

Jobless claims at 8:30 a.m. expected to be unchanged at 215K... ADP private employment at 8:15 a.m. expected to show a gain of 150K...

Wrong, wrong, wrong, wrong, wrong. The Recession Fairy might not be visiting you anytime soon, Politico!

We'll have to see what tomorrow's official number is, but the estimate from the private payroll firm ADP signals that it will probably be pretty good.

ADP knows how many checks it cuts, after all.

Meanwhile, the stock market perked up, both due to the ADP numbers as well as word that Steve Mnuchin spoke with China's Xi last night about trade.

+372 for the day. Why isn't Kurt talking about this?

By the way: I never even note stock market moves unless they're huge. A 500 point swing used to be a very big deal when the market was at 12,000. When it's at 26,000, a 500 point swing is a thing but not a huge thing.

I cover fundamentals involving employment, not the stock market.

This is my way of saying: Unless "Kurt" comes in to congratulate America on another big month for job creation, he's banned for life.

I mean, Kurt, I totally want to believe you're just a Patriot who cares deeply about the US economy. But if you're just an unemployed troll paid ten cents per comment to spam blogs while sitting on the Free Homeless Computers at the library, then you're an advertiser, and I must insist that you have George Soros contact Intermarkets to get rates for ads.

No Word from Kurt? Okay, you're banned, Homeless Bum Making a Dime Per Comment.


digg this
posted by Ace of Spades at 05:30 PM

| Access Comments




Recent Comments
Bertram Cabot, Jr.: " [i]Where can you hide 3 million children's bodie ..."

Deplorable Minion: "Commenter 217 is right on the marker. ..."

NaCly Dog: "Anna Puma Is the airframe too worn out to use f ..."

Maj. Healey: "[i] "The correct legal terminology is "Illegal Ali ..."

runner: "I can't believe I have to explain this, but demand ..."

rhennigantx: "They are fucking the boys. They are fucking the g ..."

Planned Parenthood: " Where can you hide 3 million children's bodies? ..."

Dr. Claw: "193 'Paging Air Pinochet to the white courtesy ph ..."

Anna Puma: "Salty Dawg Did you see that the JRM Mars 'Phili ..."

rhennigantx: "Not even 1% of Illegal Aliens have a valid claim t ..."

illiniwek: ""The correct legal terminology is "Illegal Alien". ..."

NaCly Dog: "Where can you hide 3 million children's bodies? ..."

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