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| ADP / Challenger: Whassup In There? in forum [Market-Ticker]
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Fraudster
Posts: 4173
Incept: 2011-05-10
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Karl the IEC was admitted to have had flaws, am I missing something? Is it fair to estimate the coming jobs number off of a hyper-flawed statistic?
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"Let China sleep, for when she wakes, she will shake the world." - Napoleon Bonaparte
"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]." - Foundation & Empire by Isaac Asimov
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Dakine2004
Posts: 9229
Incept: 2007-10-23
MD.MI.NC.SD.
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"Private" sector school bus drivers...since Govt. contracts that business out...
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Docj
Posts: 998
Incept: 2009-09-10
Duck & Cover
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Seriously, where are all these "private sector" jobs being created? Unless they're talking about my 16-year old who just got a job as a hostess at the local Texas Roadhouse steak-house, that is.
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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams
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Janedeaux
Posts: 287
Incept: 2009-09-16
Mississippi
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...........and those idiots protesting on wall street are demanding $20.00/hr. min. wage jobs for everyone!
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A nation of sheep breeds a government of wolves.-anon
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Smacktle
Posts: 1358
Incept: 2009-01-20
Texas
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Doesn't seasonally adjusted mean add or subtract as needed.
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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
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Eighty6thebs
Posts: 4180
Incept: 2007-06-26
It's contained to sub-prime!
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Just heard a fortune 20 company put on a company wide hiring freeze.
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"Sounds to me like you guys a couple of bookies" - Billy Ray Valentine
"No I am not scared, and neither should you be!" - Iraqi Information Minister
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Wootendw
Posts: 38
Incept: 2010-01-28
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"The entire gain was in the "service" sector. You know, doing things like pulling coffees?"
Not all service jobs are as low skilled as 'pulling coffees'. An auto mechanic is a service job requiring a good deal of skill. So is a computer programming job if it involves debugging and fixing previously written code. Repairing anything is a service job and many such jobs require a good deal of intelligence. And what about companies that drill for oil under contract to oil producers? Aren't these service employees also? We should not knock all service employees as 'waitresses' or 'coffee pullers'.
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Musicandnature
Posts: 1951
Incept: 2007-12-05
NJ
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I don't KD is knocking these type service jobs; in fact he did a ticker where mentioned the need for many people to be learning these skills rather than going to college.
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Since it costs a lot to win, and even more to lose, You and me bound to spend some time wonder'n what to choose. Goes to show, you don't ever know, watch each card you play and play it slow...Wait until that deal come round, don't you let that deal go down, no no. Garcia/Hunter.
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Peteb
Posts: 128
Incept: 2010-11-16
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I consider all "seasonal adjustments" as suspect. I suspect the ADP seasonal adjustments are as flawed as the BLS's.
If I were a motivated individual, I would look at raw data, which you hardly ever see in the media. But my attention span...oh, look! Shiny!
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Flaps10
Posts: 5146
Incept: 2008-10-17
seattle
Online
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Aren't bankers also in the service industry? Consumer  banker
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"Better to die on your feet than live on your knees"
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Robodog
Posts: 11
Incept: 2011-06-12
people's republic of md
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Peteb: I think your point is valid, further, I suspect pretty much most of the data supplied by the government; if one just considers the way the inflation rate is calculated, that is omitting food & energy (items everyone needs on a daily basis), it is seriously flawed. Government & truth seem to be contradictory terms. Cheers.
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Donethat
Posts: 771
Incept: 2009-04-22
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Well there is the point that with globalization there would be fewer jobs in the US even without asset bubbles, Ponzi financial hype, and all the educational/medical/military/govt. tick bird scammers who have captured the US government. The rest of the crap makes it worse, but the US consumer is looking at the wrong end of a gun, because sooner or later the US consumer will run out of assets to sell, and debt to run up.
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Mannfm11
Posts: 3536
Incept: 2009-02-28
DFW, Tx
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Oil field stuff is under mining. The parts of the economy that need to be constantly refilled will do okay. Doesn't look like we are going to have a backlog of oil in the US any time soon.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Fraudster
Posts: 4173
Incept: 2011-05-10
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Wootendw, your assertion is not supported by the facts. The simple facts are these. Manufacturing jobs have been, and are, in precipitous decline. In addition, the percentage of low paying jobs to middle income jobs has been increasing (I.e. more low paying and less middle income): http://static8.businessinsider.com/image.... . It is hardly a reach to suggest that the jobs being created are low end jobs like Starbucks barristers, hairdressers, Walmart greeters, etc. America is experiencing a long term structural decline. If the debt/leverage dilemna is not resolved ALONG WITH the structural problems with the way the economy is otherwise organized, the future is going to look extremely screwed for the VAST majority of Americans. At this rate, the next generation is all but completely screwed.
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"Let China sleep, for when she wakes, she will shake the world." - Napoleon Bonaparte
"Circulation ceases first at the outer edges [Europe and Japan]. It will take a while yet for the decay to reach the heart [America]." - Foundation & Empire by Isaac Asimov
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