Funny, I am WAY younger than Box. It is the gray hairs who cling to the old ways of socialism...
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
New ADP Count Slashes Job Creation for September Published: Wednesday, 31 Oct 2012 | 12:54 PM ET Text Size By: Jeff Cox CNBC.com Senior Writer
Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.
ADP's new calculations put the monthly job creation at just 88,200, down from the 162,000 the firm originally reported earlier this month.
The firm recently has entered into a partnership with Moody's Analytics that will change the way the private payroll count is calculated.
The new private payroll count now is actually under Labor's September job creation household survey net total of 114,000, 104,000 of which came from the private sector.
The unemployment rate dropped last month to 7.8 percent. Separately, as the government's establishment survey said the total number of new private-sector workers swelled by 873,000. (Read More: Consumer Prices Rise on Energy Surge; No Pay Gains)
Economists expect Friday's report to show 125,000 new jobs and the jobless rate to hold steady.
When the Labor Department revealed its September job count, it sparked criticism from some quarters that the numbers were being manipulated for political purposes as the November presidential election drew near.
The soft ADP count could add credence to those who believe the pace of job creation is slower than the government's numbers indicate.
"It's huge, no doubt about it," said Todd Schoenberger, managing principal at the BlackBay Group in New York. "Their changing the methodology tells me that if the number is cut in half with that revision, then the revision we're going to see Friday is going to be a disaster."
Moody's economist Mark Zandi did not return a request for comment.
Former General Electric [GE 21.06 -0.05 (-0.24%) ] CEO Jack Welch caused a skirmish after the September jobs report was released when he said on Twitter, "Unbelievable jobs numbers...these Chicago guys will do anything...can't debate so change numbers." ...........................>>>>......................>>>>....................http://www.cnbc.com/id/49620569
Neutron Jack accomplished his mission. His tweet, with no facts to back up his opinion, will start a series of "news reports" and plant doubt in naive conservatives across the country. Those easily swayed will believe it as if it were a proven fact.
The Truth??? Welch is Manipulating the Numbers
Former General Electric CEO Jack Welch admitted to Hardball host Chris Matthews Friday that he had no evidence to support his accusation that President Barack Obama’s administration had falsified new employment statistics.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
He was probably protecting his source. Now he was proven correct.
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
In Jack Welch's own words... he had no source... It just didn't "SOUND RIGHT" to him.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Why should this be any different? What did President Obama know about Islamic terror attack in Benghazi and when did he know it? Latest polls have Obama imploding in Iowa and Colorado.
Why should this be any different? What did President Obama know about Islamic terror attack in Benghazi and when did he know it? Latest polls have Obama imploding in Iowa and Colorado.
Today's poll results from Iowa and Colorado:
Colorado: Romney 50%, Obama 47% (Rasmussen)
Colorado: Obama 49%, Romney 48% (CallFire)
Iowa: Obama 50%, Romney 44% (NBC/WSJ/Marist)
Iowa: Obama 50%, Romney 47% (CallFire)
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
More poor and stagnant numbers. Schitty is the new normal in America's economy. Very little growth and it will probably stay that way
"While Foreign Terrorists were plotting to murder and maim using homemade bombs in Boston, Democrap officials in Washington DC, Albany and here were busy watching ME and other law abiding American Citizens who are gun owners and taxpayers, in an effort to blame the nation's lack of security on US so that they could have a political scapegoat."
It really doesn't take a rocket scientist here folks..............THERE....ARE.....NO.....JOBS!!!!!!!! Welfare and food stamps are increasing....NOT JOBS!!!
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
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After a significant drop in unemployment, conservatives on Twitter, led by former General Electrics CEO Jack Welch, claimed the numbers were fabricated by the Obama administration. Needless to say, they weren't, and Welch ended up stepping down — briefly — from his job at Forbes. Forbes http://www.forbes.com/sites/je.....-bad-he-wasnt-fired/
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
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Why should this be any different? What did President Obama know about Islamic terror attack in Benghazi and when did he know it?
