[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

"The 2nd Impeachment: Trump’s Popularity Still Scares Them to Death"

"President Badass"

"Jasmine Crockett's Train Wreck Interview Was a Disaster"

"How Israel Used Spies, Smuggled Drones and AI to Stun and Hobble Iran"

There hasn’T been ... a single updaTe To This siTe --- since I joined.

"This Is Not What Authoritarianism Looks Like"

America Erupts… ICE Raids Takeover The Streets

AC/DC- Riff Raff + Go Down [VH1 Uncut, July 5, 1996]

Why is Peter Schiff calling Bitcoin a ‘giant cult’ and how does this impact market sentiment?

Esso Your Butt Buddy Horseshit jacks off to that shit

"The Addled Activist Mind"

"Don’t Stop with Harvard"

"Does the Biden Cover-Up Have Two Layers?"

"Pete Rose, 'Shoeless' Joe Reinstated by MLB, Eligible for HOF"

"'Major Breakthrough': Here Are the Details on the China Trade Deal"

Freepers Still Love war

Parody ... Jump / Trump --- van Halen jump

"The Democrat Meltdown Continues"

"Yes, We Need Deportations Without Due Process"

"Trump's Tariff Play Smart, Strategic, Working"

"Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. Here Are Receipts"

"Trump Administration Freezes $2 Billion After Harvard Refuses to Meet Demands"on After Harvard Refuses to Meet Demands

"Doctors Committing Insurance Fraud to Conceal Trans Procedures, Texas Children’s Whistleblower Testifies"

"Left Using '8647' Symbol for Violence Against Trump, Musk"

KawasakiÂ’s new rideable robohorse is straight out of a sci-fi novel

"Trade should work for America, not rule it"

"The Stakes Couldn’t Be Higher in Wisconsin’s Supreme Court Race – What’s at Risk for the GOP"

"How Trump caught big-government fans in their own trap"

‘Are You Prepared for Violence?’

Greek Orthodox Archbishop gives President Trump a Cross, tells him "Make America Invincible"

"Trump signs executive order eliminating the Department of Education!!!"

"If AOC Is the Democratic Future, the Party Is Even Worse Off Than We Think"

"Ending EPA Overreach"

Closest Look Ever at How Pyramids Were Built

Moment the SpaceX crew Meets Stranded ISS Crew

The Exodus Pharaoh EXPLAINED!

Did the Israelites Really Cross the Red Sea? Stunning Evidence of the Location of Red Sea Crossing!

Are we experiencing a Triumph of Orthodoxy?

Judge Napolitano with Konstantin Malofeev (Moscow, Russia)

"Trump Administration Cancels Most USAID Programs, Folds Others into State Department"

Introducing Manus: The General AI Agent

"Chinese Spies in Our Military? Straight to Jail"

Any suggestion that the USA and NATO are "Helping" or have ever helped Ukraine needs to be shot down instantly

"Real problem with the Palestinians: Nobody wants them"

ACDC & The Rolling Stones - Rock Me Baby

Magnus Carlsen gives a London System lesson!

"The Democrats Are Suffering Through a Drought of Generational Talent"

7 Tactics Of The Enemy To Weaken Your Faith

Strange And Biblical Events Are Happening

Every year ... BusiesT casino gambling day -- in Las Vegas


Status: Not Logged In; Sign In

United States News
See other United States News Articles

Title: Private-sector job growth biggest in 3 years
Source: [None]
URL Source: http://money.cnn.com/2010/12/01/new ... _jobs_reports/index.htm?hpt=T2
Published: Dec 1, 2010
Author: CNNMoney
Post Date: 2010-12-01 08:54:25 by go65
Keywords: None
Views: 28022
Comments: 50

NEW YORK (CNNMoney.com) -- Private-sector employment posted its biggest improvement in three years last month, according to a report issued Wednesday, while separate data showed the biggest increase in job cuts in eight months.

Payrolls among private employers rose by 93,000 in November, the 10th consecutive month of increases, payroll processor ADP said in its report..

That was a much bigger jump than economists had expected. The ADP employment report was expected to show a gain of 58,000 jobs in November, according to the Briefing.com consensus of economist forecasts. In addition, the October gain was revised by nearly double to 82,000 from the originally reported 43,000.

Employment in service jobs surged, adding 79,000 jobs. The goods producing sector added 14,000 jobs, the first monthly increase since March 2007.

The nation's smallest businesses showed the most growth: Large businesses, defined as those with 500 or more workers, increased by 2,000. Medium-size businesses, defined as those with between 50 and 499 workers, increased by 37,000. And employment among small-size businesses, defined as those with fewer than 50 workers, increased by 54,000.

Job cuts on the horizon: Employers announced plans to reduce payrolls by 48,711 jobs last month, according to Challenger, Gray & Christmas, a Chicago-based outplacement firm (see correction below). The figure was up 28% from October, but down 3.3% compared with November 2009.

The November tally was the highest since March, when employers announced 67,611 job cuts. But the spike was "not indicative of a broader trend," according to John Challenger, the firm's chief executive.

"Historically, job cuts tend to increase in the final months of the year," Challenger said in a statement. "This is the period when many companies make budget and payroll decisions for the coming year."

Planned job cuts were highest in the public sector and among non-profit companies, which announced a combined 10,761 layoffs during November. Challenger said the outlook for government workers next year is grim as Congress looks for ways to cut spending and reduce the deficit. President Obama on Monday called for a two-year freeze in the wages of federal employees.

The reports are seen as a barometer for the government's closely-watched monthly jobs report, which comes out Friday. Economists expect that employers added a total of 130,000 jobs in November, after a gain of 151,000 in October. The unemployment rate is forecast to remain unchanged at 9.6%.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

Begin Trace Mode for Comment # 14.

#1. To: go65 (#0)

while separate data showed the biggest increase in job cuts in eight months.

Business's understand whats about to happen on January 1st, and are cutting permanent jobs. The uptick here is from the holiday temp hirings in my opinion.

Its the economy stupid. Owe-bama's doomed his own Presidency.

Badeye  posted on  2010-12-01   9:40:26 ET  Reply   Untrace   Trace   Private Reply  


#5. To: Badeye (#1) (Edited)

Business's understand whats about to happen on January 1st, and are cutting permanent jobs. The uptick here is from the holiday temp hirings in my opinion.

You are right, after hiring a couple of folks in the last month, we're holding off any further hiring until we see whether or not the incoming GOP leadership will destroy the economy to try and gain an electoral advantage heading into 2012. So far that appears to be their plan.

You and I both agree that things will get worse next year.

go65  posted on  2010-12-01   10:39:31 ET  Reply   Untrace   Trace   Private Reply  


#8. To: go65 (#5)

You are right, after hiring a couple of folks in the last month, we're holding off any further hiring until we see whether or not the incoming GOP leadership will destroy the economy to try and gain an electoral advantage heading into 2012.

Then won't Democrats be able to claim that the economy was recovering until the GOP got control of the House?

BTW, whatever happened to that business cycle thing the GOP claimed was in effect during the Clinton years.

lucysmom  posted on  2010-12-01   11:52:08 ET  Reply   Untrace   Trace   Private Reply  


#10. To: lucysmom (#8)

Then won't Democrats be able to claim that the economy was recovering until the GOP got control of the House?

While Democrats control the Senate and Whitehouse?

Good luck with that lmao.

Badeye  posted on  2010-12-01   11:54:17 ET  Reply   Untrace   Trace   Private Reply  


#12. To: Badeye (#10)

While Democrats control the Senate and Whitehouse?

The White House doesn't count, remember?

lucysmom  posted on  2010-12-01   12:02:40 ET  Reply   Untrace   Trace   Private Reply  


#14. To: lucysmom (#12)

While Democrats control the Senate and Whitehouse? The White House doesn't count, remember?

No.

Badeye  posted on  2010-12-01   12:28:06 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 14.

#15. To: Badeye, lucysmom (#14)

No.

Checkmate.

go65  posted on  2010-12-01 12:33:34 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 14.

TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com