ADP: Job Gain187,000; Planned Layoffs Lowest Ever

Timmy timmy timmy timmy timmy........Timmmeehhhy!

http://1.bp.blogspot.com/_kx5e3GvgzpA/TStC_kjFgEI/AAAAAAAAA9I/0qYV2Ywa36k/s1600/SouthparkStickerTimmy.jpg

Libble-ahhhh......libble-ahhhhhh....Timeeyyyyy!!!

You bunghole.

"Robert Reich is Chancellor's Professor of Public Policy at the University of California at Berkeley. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton."

"Stocks Up, Houses Down, And What This Means for Most Americans"

"Put your ear to the ground and you can almost hear the bulls stampeding. The Dow closed above 12,000 Tuesday for the first time since June 2008. The Dow is up 4 percent this year after increasing 11 percent in 2010. The Standard & Poor 500 is also up 4 percent this year, and the Nasdaq index, up 3.7 percent.

“The U.S. economy is back!” says a prominent Wall Streeter.

Ummm. Not quite."

"So don’t be fooled. The American economy isn’t back. While Wall Street’s bull market is making America’s rich even richer, most Americans continue to be mired in a worsening housing crisis that the Administration is incapable of stemming, and of which Wall Street has now seemingly washed its hands."

http://robertreich.org/post/3059852705

so why did the employment component of the ISM # from yday reach its highets level since 1973 ? the entire index is at its highest reading since 2004. green shoots baby hahahah

Your a clown steve. Unemployment is going to be at 10% for a VERY long time. When the 2 year tax cut extension expires, uenmployment will not have budget one inch.

spunkster - don't you remember last time the ADP report came out, it was completely wrong? And it's "planned layoffs" directly contradict Challenger's, who are the experts in that field?

Sheesh.

The official unemployment numbers from the feds are usually much worse than ADP's figures. I have no idea where ADP is getting their data from.

ADP was WAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAY off last month. Way too high. We will see. Also, steve only posts (or reads) good news.

"However, ADP figures last month turned out to be much stronger than what the government report showed, adding to doubts about the reliability of ADP as a predictor of payrolls."

"Stocks Up, Houses Down, And What This Means for Most Americans"

Poor, poor, SteveF.