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U.S. companies increased their hiring in February - 3/8/2012 3:49:50 AM

Lucylastic

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U.S. Private Sector Adds More Jobs Than Expected

Read more: http://www.foxbusiness.com/economy/2012/03/07/us-private-sector-adds-more-jobs-than-expected/#ixzz1oWcbE5Ut

The private sector added 216,000 jobs last month, according to the ADP National Employment Report, topping economists' expectations for a gain of 208,000.
The ADP figures come ahead of the government's more comprehensive monthly labor market report on Friday, which includes both public- and private-sector employment.
"After two years of expansion without much gain in employment, we're finally hitting the point where firms need to begin adding people in order to meet increased orders," said Steve Blitz, senior economist at ITG Investment Research in New York. "There are still risks ahead, but if you could just stop the clock right where we are now, you've got a recovery that is gathering some momentum; it appears to be self-reinforcing."

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RE: U.S. companies increased their hiring in February - 3/8/2012 4:38:57 AM

Edwynn

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Ah, this means that the 'Birther Economic Index' will soon report that the president has sent a check for $1 million to Arab Communists United.

Good to hear it.

Seriously though, here's hoping that 2-3 months of spending those new found paychecks will keep the ball rolling.

< Message edited by Edwynn -- 3/8/2012 4:39:32 AM >

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RE: U.S. companies increased their hiring in February - 3/8/2012 8:58:57 AM

Yachtie

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PRINCETON, NJ -- U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December.

As a result, Gallup's U.S. underemployment measure, which combines the percentage of workers who are unemployed and the percentage working part time but wanting full-time work, increased to 19.1% in February from 18.7% in January. This is an improvement from the 19.9% of February 2011.

Regardless of what the government reports, Gallup's unemployment and underemployment measures show a substantial deterioration since mid-January. In this context, the increase in unemployment as measured by Gallup may, at least partly, reflect growth in the workforce, as more Americans who had given up looking for work become slightly more optimistic and start looking for work again. So while there may be positive signs, the reality Gallup finds is that more Americans are looking for work now than were doing so just six weeks ago.

This is not good news, as increasing the labor participation rate without commensurate offset hiring is a net negative. In short, the economy is not in any recovery stage.

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RE: U.S. companies increased their hiring in February - 3/8/2012 9:03:30 AM

Lucylastic

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SO Fox lied to us again
What a twist

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RE: U.S. companies increased their hiring in February - 3/8/2012 9:09:56 AM

Yachtie

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quote:

ORIGINAL: Lucylastic

SO Fox lied to us again
What a twist

Fox got its numbers from government. Gallup just puts it into perspective. What's being attempted is getting people to buy on the illusion versus the reality.

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RE: U.S. companies increased their hiring in February - 3/8/2012 9:12:23 AM

Hillwilliam

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quote:

ORIGINAL: Yachtie

quote:

ORIGINAL: Lucylastic

SO Fox lied to us again
What a twist

Fox got its numbers from government. Gallup just puts it into perspective. What's being attempted is getting people to buy on the illusion versus the reality.

So, you're saying that FOX didn't vet their info before they regurgitated it.

Sounds perfectly responsible to me.

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RE: U.S. companies increased their hiring in February - 3/8/2012 9:15:47 AM

Lucylastic

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Fox, says it got the info from ADP (ADP National Employment Report) Ahead of the government report.
its right there in the linkage
Maybe they should have waited, I posted that at 7am this morning EST
The Press release wasnt out until 8.30
They lied twice in one small article?
cool they are two for two.
Edited to add, point about timing of the government list and my OP
TRANSMISSION OF MATERIAL IN THIS

RELEASE IS EMBARGOED UNTIL

8:30 A.M. (EDT), THURSDAY

March 8, 2012
from your link

< Message edited by Lucylastic -- 3/8/2012 9:20:09 AM >

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RE: U.S. companies increased their hiring in February - 3/8/2012 9:20:48 AM

Yachtie

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quote:

ORIGINAL: Hillwilliam

quote:

ORIGINAL: Yachtie

quote:

ORIGINAL: Lucylastic

SO Fox lied to us again
What a twist

Fox got its numbers from government. Gallup just puts it into perspective. What's being attempted is getting people to buy on the illusion versus the reality.

So, you're saying that FOX didn't vet their info before they regurgitated it.

Sounds perfectly responsible to me.

Well, no actually. The Fox numbers are official. It just means that all the optimism being parleyed about may be willfully premature, as the rise in the labor participation rate may very well be based on the illusion of recovery.

_____________________________

“We all know it’s going to end badly, but in the meantime we can make some money.” - Jim Cramer, CNBC

“Those who ‘abjure’ violence can only do so because others are committing violence on their behalf.” - George Orwell

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RE: U.S. companies increased their hiring in February - 3/8/2012 9:22:56 AM

Lucylastic

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quote:

ORIGINAL: Yachtie

quote:

ORIGINAL: Hillwilliam

quote:

ORIGINAL: Yachtie

quote:

ORIGINAL: Lucylastic

SO Fox lied to us again
What a twist

Fox got its numbers from government. Gallup just puts it into perspective. What's being attempted is getting people to buy on the illusion versus the reality.

So, you're saying that FOX didn't vet their info before they regurgitated it.

Sounds perfectly responsible to me.

Well, no actually. The Fox numbers are official. It just means that all the optimism being parleyed about may be willfully premature, as the rise in the labor participation rate may very well be based on the illusion of recovery.

The ADP National Employment Report®, sponsored by ADP®, was developed and is maintained by Macroeconomic Advisers, LLC. It is a measure of employment derived from an anonymous subset of roughly 500,000 U.S. business clients.

http://www.adpemploymentreport.com/
NOT the government

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RE: U.S. companies increased their hiring in February - 3/8/2012 9:23:10 AM

OttersSwim

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For the record, ADP is a private company that does market research based on the fact that they print like gazoodle% of all the paychecks that are distributed in this country.

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RE: U.S. companies increased their hiring in February - 3/8/2012 9:24:11 AM

Lucylastic

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winks

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RE: U.S. companies increased their hiring in February - 3/8/2012 9:24:39 AM

Yachtie

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quote:

ORIGINAL: Lucylastic

The ADP National Employment Report®, sponsored by ADP®, was developed and is maintained by Macroeconomic Advisers, LLC. It is a measure of employment derived from an anonymous subset of roughly 500,000 U.S. business clients.

http://www.adpemploymentreport.com/
NOT the government

Thanks for the clarification.

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RE: U.S. companies increased their hiring in February - 3/8/2012 9:29:47 AM

Lucylastic

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welcome

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RE: U.S. companies increased their hiring in February - 3/8/2012 9:33:23 AM

Owner59

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I don`t think quoting fox-spin is going to get you very far around here.

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Post #: 14

RE: U.S. companies increased their hiring in February - 3/8/2012 9:33:57 AM

Edwynn

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The economy has been in recovery stage for well over a year. It's slow going and will likely remain a slow process. No telling when "full recovery" might occur, though voting out the deregulationists and eliminating some of the preferential treatment of the oil companies as being proposed would certainly help in that process.

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Post #: 15

RE: U.S. companies increased their hiring in February - 3/8/2012 10:18:36 AM

Musicmystery

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The economy has been in recovery for well over three years, as defined by economists and tracked by Real GDP.

Unemployment remains largely stagnant because banks and businesses are still sitting on mountains of cash. Right now, cash is so cheap that they can afford to do so in a climate they see as uncertain, due to the mortgage/foreclosure mess and unclear direction of regulation and health care. November's election may or may not help that. Certainly a dysfunctional Congress isn't helping. Political events in the Middle East and financial ones in the EU aren't helping either.

Whether employment is up or down this month is just irrelevant, folks. It's a very small change either way, of use to no one but impatience partisan spinners. The structural problems right now remain, and will remain until the credit confidence mess finally abates.

Meanwhile, smart business people, large and small, established and new, are taking advantage of bargain prices to prepare for their expansion. But they are going slow with labor costs.

Meanwhile, productivity has soared, as businesses find innovative ways around their dilemmas.

< Message edited by Musicmystery -- 3/8/2012 10:19:13 AM >

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RE: U.S. companies increased their hiring in February - 3/8/2012 10:28:25 AM

tazzygirl

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quote:

ORIGINAL: Yachtie

PRINCETON, NJ -- U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January and 8.5% in December.

As a result, Gallup's U.S. underemployment measure, which combines the percentage of workers who are unemployed and the percentage working part time but wanting full-time work, increased to 19.1% in February from 18.7% in January. This is an improvement from the 19.9% of February 2011.

Regardless of what the government reports, Gallup's unemployment and underemployment measures show a substantial deterioration since mid-January. In this context, the increase in unemployment as measured by Gallup may, at least partly, reflect growth in the workforce, as more Americans who had given up looking for work become slightly more optimistic and start looking for work again. So while there may be positive signs, the reality Gallup finds is that more Americans are looking for work now than were doing so just six weeks ago.

This is not good news, as increasing the labor participation rate without commensurate offset hiring is a net negative. In short, the economy is not in any recovery stage.

Try the U6 numbers....

http://portalseven.com/employment/unemployment_rate_u6.jsp

The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over

While I like Gallup for some things, this isnt their area.

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RE: U.S. companies increased their hiring in February - 3/8/2012 10:29:25 AM

Yachtie

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I thought this phrase was ticklishly worth posting -
As for tomorrow, expect the BLS to continue in treating seasonally-adjusted Americans like idiots, and pushing the disconnect between the economy as seen by DC bureaucrats and Joe Sixpack to record spreads.

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Post #: 18

RE: U.S. companies increased their hiring in February - 3/8/2012 1:48:50 PM

Yachtie

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Source: Zerohedge

This is an interesting chart - sequential change in credit market debt for all domestic non-financial sectors

The credit bubble is now officially back.

Attachment (1)

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“We all know it’s going to end badly, but in the meantime we can make some money.” - Jim Cramer, CNBC

“Those who ‘abjure’ violence can only do so because others are committing violence on their behalf.” - George Orwell

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Post #: 19

RE: U.S. companies increased their hiring in February - 3/8/2012 3:22:04 PM

Edwynn

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It is? Household debt, by this chart, has become positive for the first time in over three years, but it's still tiny as compared to the bubble years. All the rest of it aside from government spending is far lower that the bubble years,. The latter will gradually come down as the recovery progresses. The author of the article cannot even understand the plain data before him, evidenced by his statement that "The credit bubble is now officially back." His braying makes it 'official' then, does it?

How can you even take this guy seriously?

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Post #: 20

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