Submitted by Tyler Durden on 09/06/2012 08:28 -0400
It was the best of times, it was the worst of times. A dramatic beat by the ADP jobs number at 201k vs expectations of 140k is the third month in a row of beating expectations for jobs and the highest add of jobs in 5 months. QE-off? Good is bad? Well there is some bad is good in here too - the manufacturing industry only added 3000 jobs. Perhaps, rather ironically, the rise in jobs is due to the election providing a stimulus - someone has to do all that fact-checking and empty-chair-lifting.
Making things is so yesterday.
http://www.zerohedge.com/news/adp-jobs-5-month-high-beating-expectations-3rd-month-row?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
docj
docj's picture
Yep. More people who used to work in manufacturing or decent-paying service jobs fall off the extended benefits cliff after 2-years and take a McJob with no benes and run-up the plastic. Bullish.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 