Gee, what a stunning miss last month, right?
Private-sector employment increased by 217,000 from January to February on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated change of employment from December 2010 to January 2011 was revised up to 189,000 from the previously reported increase of 187,000.
Revised up?
Surely you jest. Oh wait - you're not jesting.
According to the ADP Report, employment in the service-providing sector rose by 202,000 in February, marking thirteen consecutive months of employment gains. Employment in the goods-producing sector rose 15,000, the fourth consecutive monthly gain. Manufacturing employment rose 20,000, the fifth consecutive monthly gain.
Employment among large businesses, defined as those with 500 or more workers, increased by 13,000 while employment among medium-size businesses, defined as those with between 50 and 499 workers, increased by 104,000. Employment among small-size businesses, defined as those with fewer than 50 workers, increased by 100,000.
Uh huh.
| 2010-12 | 139159 |
| 2011-01 | 137599 |
That's the employed number from the household survey last month. From 139,159 (thousands, so that's 139 million) to 137,599. That would be a loss of 1.56 million jobs.
And by the way, this is the running series on that from July of 2010:
| 2010-7 | 140134 |
| 2010-8 | 139919 |
| 2010-9 | 139715 |
| 2010-10 | 139749 |
| 2010-11 | 139415 |
| 2010-12 | 139159 |
| 2011-01 | 137599 |
Employment is increasing eh?
Hmmmm...... not according to the household survey. Not the claims of employers, but rather those of people doing the actual working.
We'll see what Friday brings from the Bureau of Lies and Scams (BLS)
