Comments on: ADP: 198,000 private-sector jobs added in February

By: TouchdownBuddha

TouchdownBuddha — Wed, 06 Mar 2013 18:52:25 +0000

Have to be impressed with the resilience of the US economy here; like most we expected a weak 1Q13, but so far the numbers have been surprisingly good. We’re pleased with the early Feb numbers (including a nice jump in the ISM non-manufacturing index this week), although factory orders came in a tad weak. Still, the economy seems to be stronger than it has been in a while, and we are slowing coming around to the view that 1Q13 GDP may be better than first thought – time will tell. Watch the employment report on Friday carefully …. the markets? Oh, we’ve already seen what they think … let it ride … and see ya at 15K?

By: 22044

22044 — Wed, 06 Mar 2013 17:55:24 +0000

yep, lots of part time jobs getting created. Obamacare has just started to kick in. Look for considerably worse conditions in the work force. Trickle up poverty is on the move…

RedInMD on March 6, 2013 at 12:27 PM

Yep, we’re going to have more “working poor”.

By: RedInMD

RedInMD — Wed, 06 Mar 2013 17:27:10 +0000

Are these 29/hr per week jobs?

workingclass artist on March 6, 2013 at 8:54 AM

yep, lots of part time jobs getting created. Obamacare has just started to kick in. Look for considerably worse conditions in the work force. Trickle up poverty is on the move…

By: can_con

can_con — Wed, 06 Mar 2013 16:49:01 +0000

While Rome burned ADP fiddled.

By: Cindy Munford

Cindy Munford — Wed, 06 Mar 2013 16:34:06 +0000

Some TV financial wizard said that the Market is taking off and national prosperity will follow in six months. I believe that was a historical trend prediction.

By: slickwillie2001

slickwillie2001 — Wed, 06 Mar 2013 16:23:52 +0000

How many of these jobs are part time because employers have to adjust to Obamacare?… All over the country, employers and in particular small to middle size are reducing the working hours for them employees below 30 hours to be exempted from Obamacare and so they do not have to provide insurance to their employees… I am certain that to make up for these reduced hours they need to hire extra part time employees…

mnjg on March 6, 2013 at 9:53 AM

The most interesting thing going on is job-sharing by employers. The manager of Burger King and the Wendy’s across the street get together informally and set schedules for ‘shared workers’. Each employee works less than 29 hours per employer, thus escaping the morass of Obamacare.

By: slickwillie2001

slickwillie2001 — Wed, 06 Mar 2013 16:19:26 +0000

Get ready for March, because all the fakery that has been going into jobs numbers, GDP, etc, will be pulled out in March, so the rat-eared bastard has something to pin on Republicans.

By: WitchDoctor

WitchDoctor — Wed, 06 Mar 2013 16:03:17 +0000

Mediocre jobs report (maybe) plus stocks going sky high.

Umm, what’s wrong with this picture.

By: Curtiss

Curtiss — Wed, 06 Mar 2013 15:44:47 +0000

Barack Obama:

“So every time that we get a piece of economic news, over the next month, next two months, next six months, as long as the sequester is in place, we’ll know that that economic news could have been better if Congress had not failed to act.”

So in the future, all bad economic news is not his fault. Whatever it is.

By: GarandFan

GarandFan — Wed, 06 Mar 2013 15:24:30 +0000

I'm sure the government will find an excuse to delay Friday's report. Something like IT SNOWED HERE!

By: The Rogue Tomato

The Rogue Tomato — Wed, 06 Mar 2013 15:23:01 +0000

That ought to offset the 170 million jobs we’ll lose to the sequester.

By: Baxter Greene

Baxter Greene — Wed, 06 Mar 2013 15:21:09 +0000

Either way, the numbers don’t show any real momentum to the scale of job creation needed to re-employ the millions that left the workforce in hopelessness over the last five years. We need a lot more than 198,000 jobs per month to get those workers back in the workforce.

Well if those dam# Republicans would just let Obama raise the he!! out of taxes…
………….gut our energy resources even more…
……increase our debt/deficits with massive spending…
……………..funnel billions of tax dollars to the unions and green lobbyist…..
……………….take more vacations….
………..implement the massive costs of Obamacare on businesses and individuals…..
…………………….and drown our businesses with regulations then the job market will take off like a Rocket……
…………….We can all be Detroit.

By: tru2tx

tru2tx — Wed, 06 Mar 2013 15:02:31 +0000

The BLS could certainly revise the previous report, but a revision of that size would have eyes popping and critics demanding some answers.

And that would bad because?

By: BKeyser

BKeyser — Wed, 06 Mar 2013 14:56:08 +0000

Why do we act every month as though ADP is even marginally close to the actual numbers?

By: mnjg

mnjg — Wed, 06 Mar 2013 14:53:05 +0000

How many of these jobs are part time because employers have to adjust to Obamacare?… All over the country, employers and in particular small to middle size are reducing the working hours for them employees below 30 hours to be exempted from Obamacare and so they do not have to provide insurance to their employees… I am certain that to make up for these reduced hours they need to hire extra part time employees…

By: tngmv

tngmv — Wed, 06 Mar 2013 14:47:41 +0000

Meanwhile, Washington remains focused on the really important stuff —- like trashing the 2nd amendment.

By: Marcus Traianus

Marcus Traianus — Wed, 06 Mar 2013 14:44:01 +0000

ADP and Moody’s are simply making these numbers up.

These statistics have no firm basis in reality and the constant revisions (including those done annually to make them seem more retrospectively accurate) underlines their uselessness.

Most people working in the market know this is a garbage statistic. The only reason some stocks move based on the numbers is; a)Nothing else is available on the day they come out and b)Stock trading algo’s consider them (wrongly).

But it is great for a few laughs as you deconstruct tangible events across industries and shockingly find ADP/Moodys is once again fudging (ahead of the BLS fudge).

By: MarkT

MarkT — Wed, 06 Mar 2013 14:32:36 +0000

BO creates a minimum wage part-time economy and now expects “rich” middle class to pay for trying to fill in the gaping chasms created between prosperity, survival, and starvation. History says that’s never worked.

By: budfox

budfox — Wed, 06 Mar 2013 14:25:18 +0000

Anything north of 200K…

…credit goes to Sequestration.

By: Polish Rifle

Polish Rifle — Wed, 06 Mar 2013 14:22:16 +0000

Victims of Sequestrocalypse rejoice…or something.

hillsoftx on March 6, 2013 at 8:45 AM

Thread winner.

By: Sekhmet

Sekhmet — Wed, 06 Mar 2013 14:20:11 +0000

Whoop. De. Fracking. Do.

By: Electrongod

Electrongod — Wed, 06 Mar 2013 13:57:45 +0000

“It would have been millions of jobs..
if it weren’t for that Republican Sequester” – Obama

By: PappyD61

PappyD61 — Wed, 06 Mar 2013 13:57:30 +0000

What is the number that the economy has to create every month just to keep up with those coming into the work force? Wasn't it 200,000 or 250,000? Face it folks, as long as Obama is in the White House and the Obamacare death star is circling the economy it isn't going to give consumers any confidence..........and they drive 65% of the economy. THAT is the great truth that AP (Administration Press) always, always, always never mentions.

By: gophergirl

gophergirl — Wed, 06 Mar 2013 13:55:45 +0000

Are they ever right?

By: workingclass artist

workingclass artist — Wed, 06 Mar 2013 13:54:33 +0000

Are these 29/hr per week jobs?