The Economy Bleeds More Slowly

So CNBC labors to pimp the latest employment numbers. (h/t: Memeorandum)

Private-sector jobs surged by 325,000, according to ADP and Macroeconomic Advisors, while the government said weekly jobless claims fell 15,000 to 372,000 — still at an elevated level but consistent with recent data showing a consistent if grudging turnaround.

However:

But December 2010 also produced a huge ADP number — 297,000 jobs created — but the nonfarms payroll number a few days later disappointed the market. The government reported just 113,000 new jobs — ultimately revised up to 167,000 — that magnified seasonal problems with ADP’s data.

Say it with me: Unexpectedly!

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