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!


One thought on “The Economy Bleeds More Slowly

Feed My Ego and Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s