More bad news for ReTHUGs - Private-sector jobs in the U.S. increased by 192,000

[malaise]

http://www.nasdaq.com/article/us-private-sector-jobs-up-192000-in-january-20130130-00519#.UQkrlPLFnn4
<snip>
Private businesses added new employees at a rapid clip in January despite layoffs at the largest U.S. companies, according to a tally of private-sector hiring released Wednesday.

Private-sector jobs in the U.S. increased by 192,000 this month, according to a national employment report calculated by payroll processor Automatic Data Processing Inc. ( ADP ) and forecasting firm Moody's Analytics.

Economists surveyed by Dow Jones Newswires expected ADP to report a gain of 165,000 private jobs. The December job gain was revised down to 185,000 from 215,000 reported a month ago.

According to ADP, firms employing between one and 49 workers increased jobs by 115,000 in January. Medium-sized businesses with payrolls of 50 to 499 workers hired 79,000 new employees. But large firms, businesses with 500 or more employees, cut 2,000 positions.

[BlueStreak]

1. The ADP numbers haven't been anywhere close to the BLS numbers lately

ADP seems to be losing market share, and that may be affecting their numbers. I wouldn't be surprised if the BLS numbers come in at more like 110,000.

[dmallind]

3. Possible, but weird guess - ADP more low than high lately

and the correlation has remained very high (both are estimates obviously)



ADP is blue, BLS red

http://econintersect.com/wordpress/?p=31844

[JaneyVee]

2. Maybe if Congress started doing something about jobs instead of abortion bans we would create jobs