Speaking Of Jobs

Where’s that word…

NEW YORK (Reuters) – Stock index futures rose on Wednesday, building on the previous session’s rally, ahead of data expected to show a return to job growth in the private sector.

Investors are expecting private employers to add 24,000 jobs in September, according to the ADP Employer Services report, which is scheduled for release at 8:15 a.m.. In August, private employers unexpectedly cut 10,000 jobs.

And the envelope please…

Oops. They “unexpectedly” dropped 39,000.

Recovery Summer rocks on.

Update: Here’s the stinky linky

Companies in the U.S. unexpectedly cut workers in September, data from a private report based on payrolls showed.

Employment decreased by 39,000, according to figures today from ADP Employer Services. The median estimate of 37 economists surveyed by Bloomberg News called for a gain of 20,000. Forecasts ranged from a decline of 44,000 to a 75,000 increase.

2 Responses to “Speaking Of Jobs”

  1. Yojimbo says:

    It will be interesting to see what fun and games they come up with this Friday. This is the last big number on employment to hit before the election, the next one is that Friday. I think the consensus is for a tenth of a point uptick. They can easily counter any weakness in employment by adjusting their estimate of the number of jobs in the economy. It will all be know in the fullness of time as the late Ed Hart used to say.

  2. I don’t know whether to laugh or cry.

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