ADP Jobs At 5-Month High, Beating Expectations For 3rd Month In A Row

Tyler Durden's picture




 

It was the best of times, it was the worst of times. A dramatic beat by the ADP jobs number at 201k vs expectations of 140k is the third month in a row of beating expectations for jobs and the highest add of jobs in 5 months. QE-off? Good is bad? Well there is some bad is good in here too - the manufacturing industry only added 3000 jobs. Perhaps, rather ironically, the rise in jobs is due to the election providing a stimulus - someone has to do all that fact-checking and empty-chair-lifting.

 

 

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Thu, 09/06/2012 - 08:29 | 2767623 ihedgemyhedges
ihedgemyhedges's picture

Service jobs soar.  Well, I guess someone has to process all those subprime auto loans, not to mention student loans.................

Thu, 09/06/2012 - 08:33 | 2767636 docj
docj's picture

Yep. More people who used to work in manufacturing or decent-paying service jobs fall off the extended benefits cliff after 2-years and take a McJob with no benes and run-up the plastic. Bullish.

Thu, 09/06/2012 - 08:41 | 2767666 GetZeeGold
GetZeeGold's picture

 

 

Waiting for the revisions.....

 

Thu, 09/06/2012 - 09:05 | 2767743 Precious
Precious's picture

Due to sharp rise in outplacement specialists, welfare administrators and career counselors.

Thu, 09/06/2012 - 08:51 | 2767672 King_of_simpletons
King_of_simpletons's picture

Hurray ! More burger flipping private sector jobs added. Economy is back to booming. Buy Buy Buy... Buy with all hands. Shop till you drop.

The downside only 3000 MFGing jobs. That would mean McDonalds, Burger King and Wendys combined hired only 3000 fry cooks. Damn.

Thu, 09/06/2012 - 09:01 | 2767736 azzhatter
azzhatter's picture

Who is buying all them burgers?

Thu, 09/06/2012 - 09:06 | 2767758 GetZeeGold
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Copper burglers.....the ones that didn't get electrocuted.

 

Thu, 09/06/2012 - 08:47 | 2767688 Gully Foyle
Gully Foyle's picture

ihedgemyhedges

More like Nursing aid jobs. Nursing homes always have a high turnover with each jobs counted as "new".

That and they are expanding as younger people choose to place Mater and Pater in someone elses hands.

In some case it is justified, in others they just don't want their lifestyle interrupted by old farts puttering about.

Thu, 09/06/2012 - 09:46 | 2767916 docj
docj's picture

That's an interesting point. My mom works in a nursing home (or assisted living facility, whatever they're calling it these days) - she says the turnover among the non-nursing staff is damn-near 100% annually. So if I read this currectly, that's no new net jobs created over the course of a year, but according to ADP that's 100% new jobs added over the same time period.

Ain't statistics grand?

Thu, 09/06/2012 - 09:45 | 2767907 DosZap
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Utterly ASTOUNDING, that these figures are JUST now arriving 60 days before we re-elect the MASTER.

 

Anyone find these increases smelling like Luccio Brazzi?.

I call BULLSHIT.

Thu, 09/06/2012 - 10:45 | 2768147 MeanReversion
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Are you really this fucking retarded?  Say what you will about the numbers themselves, but ADP is a private company, unless Obama has moles at ADP cranking out bogus numbers, these are the numbers. They won't necessarily correlate to NFPs but they ARE ADP's numbers.  Take the tin foil hat off and get a fucking clue.

Thu, 09/06/2012 - 11:53 | 2768464 DosZap
DosZap's picture

Mean Reversion

Are you really this fucking retarded?

No, but you seem to be clueless.

Are YOU?................what is PRIVATE in this fascist regime, get your head out of your ass.

Companies fear this man, and they know paybacks are HELL.You think the numbers are real?.

Just 60 days prior to the election, and all of a sudden, ALL is peachy keen?.

They may have reported the numbers GIVEN to them, are they REAL?.

Good Lord man wake up.

Thu, 09/06/2012 - 12:20 | 2768564 Colonel Klink
Colonel Klink's picture

Would you like fries with that?

Thu, 09/06/2012 - 15:50 | 2769223 Paul Bogdanich
Paul Bogdanich's picture

Interesting.  Since ABC took a steak in the web-site the data has been increasingly, massaged, shall we say.  For example ZH conveniently forgot to post the advance initial claims number today which according to the BLS came in at 356,000 which is a real beat and sequentially down from last week's advance number of 374,000.  Doesn't fit the current narrative I suppose.  In sum all "news" anymore is just propaganda so be careful how you let the things you see shape your opinion especially when you remember things that you haven't seen but should have like today's advance initial claims number.    

Thu, 09/06/2012 - 08:32 | 2767630 Surrealist
Surrealist's picture

PLASMA TEE VEE! HERE I COME!!

Thu, 09/06/2012 - 08:32 | 2767633 Hype Alert
Hype Alert's picture

Initial claims just out at 365K.  QE off and futures are up?

Now, how about those plans to unwind that balance sheet?

Thu, 09/06/2012 - 08:35 | 2767643 Jlmadyson
Jlmadyson's picture

Yea and I'm Huckleberry Fin.

The McRecovery continues.

Should be good for QE hopeium however.

Thu, 09/06/2012 - 08:35 | 2767644 apberusdisvet
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PMs down on ADP; up on Draghi;  looks like the cartel is trying to screw us with a limp dick.

Thu, 09/06/2012 - 12:50 | 2768487 DosZap
DosZap's picture

A tad OT............ But have you seen the Billionaire obese Aussie bitch, telling working class folks that they should happily accept pay cuts, from $15.00 an hour, because African moners are making $2.00 an hour?.

AMAZING, how the uber wealthy  can lose their humanity, as long as their entire lives are solid GOLD,and they will never have to ever worry about ANYTHING this side of the grave?.

God I hate Liberals mindsets.

The I have mine club,screw the little guy.

Thu, 09/06/2012 - 08:36 | 2767649 Chief_Illiniwek
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Recall that during the Krushchev and Brezhnev years the Soviet Union had 100% employment.  We know this because they told us it was true.

Thu, 09/06/2012 - 08:50 | 2767695 Gully Foyle
Gully Foyle's picture

Chief_Illiniwek

Dude, in the seventies Sixty minutes did a segment about some American welfare recepient bitching how bad it was here and he moved to the Soviet Union.

When he discovered he would be put to work for those meager government bennies, he high tailed it straight back to the loving arms of the good old USA.

I can beleive 100% forced employment.



Thu, 09/06/2012 - 08:58 | 2767728 DOT
DOT's picture

They pretend to pay us; we pretend to work.

Thu, 09/06/2012 - 12:23 | 2768577 Colonel Klink
Colonel Klink's picture

I used to do that, until they wanted me to do 3 other peoples work but didn't want to pretend to pay me 3 time more.  Then it seemed like too much work!

Thu, 09/06/2012 - 08:37 | 2767653 Meesohaawnee
Meesohaawnee's picture

on the day of the dnc idiot fest.. did anyone really think the news would reflect reality? not on zh for sure.

Thu, 09/06/2012 - 08:37 | 2767656 fonzannoon
fonzannoon's picture

We all sit here and wait for the manipulated data to actually show some truth. There has got to be a psychological term for this. Insanity?

Thu, 09/06/2012 - 08:51 | 2767703 Gully Foyle
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fonzannoon

"There has got to be a psychological term for this"

Drug induced lethargy. It ain't like Men are watching Oprah in the am.

Thu, 09/06/2012 - 08:56 | 2767723 fonzannoon
fonzannoon's picture

I started checking espn more than I used too. I am pretty psyched for the NFL. I can slowly feel my head sinking further into the sand everyday. If that was their plan it is working. Why do I need to get called paranoid by my family all the time when I can just talk about what a wonderful comeback story Jeter is?

Thu, 09/06/2012 - 09:22 | 2767803 kito
kito's picture

you think jeter is a prepper????

Thu, 09/06/2012 - 09:51 | 2767936 fonzannoon
fonzannoon's picture

I think Jeter will be fine. I found it funny when Schilling busted out that he lost mil in gold coins in the bankruptcy process. The guy was smart enough to have 5 mil in gold coins and too stupid to not have a boating accident.

Thu, 09/06/2012 - 09:25 | 2767818 Gully Foyle
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fonzannoon

"when I can just talk about what a wonderful comeback story Jeter is?"

Who?

I always find it odd that people can stuff their brains with essentially meaningless stats but can't read a book or rationally discuss the state of modern politics.

 

 

I consider that a man's brain originally is like a little empty attic, and you have to stock it with such furniture as you choose. A fool takes in all the lumber of every sort that he comes across, so that the knowledge which might be useful to him gets crowded out, or at best is jumbled up with a lot of other things, so that he has a difficulty in laying his hands upon it.

Sherlock Holmes

 

Thu, 09/06/2012 - 09:48 | 2767927 Spastica Rex
Spastica Rex's picture

Sardonic +1

Thu, 09/06/2012 - 08:38 | 2767657 Cult of Criminality
Cult of Criminality's picture

Im raising the B.S. flag

Wait for the readjusted fraudulent stats and your `unexpected` takeaway.

Bullshit is bullish however.

Cheers

Thu, 09/06/2012 - 08:43 | 2767680 Meesohaawnee
Meesohaawnee's picture

i just dont even turn my trading screen on anymore. Your not gonna get anything that resembles reality until oct or nov. Not until the election can anyone even hope this "market" truly is one. until then.. they need to just make it half days. just shut it down. You cant tell me theres a money manager alive thats thinking oh i gotta go long cause things are so good. Hope your happy destroying the integrity of entire global markets Ben. Your legacy lives on..Hope you sleep well.

Thu, 09/06/2012 - 08:44 | 2767682 Shizzmoney
Shizzmoney's picture

"Trust me, the jobs are coming"

Bill Clinton

That raise, however?  Or relief for the middle and lower classes, well.....that ain't coming. 

But Bill sure is!

Thu, 09/06/2012 - 08:45 | 2767685 fonzannoon
fonzannoon's picture

he meant blow jobs

Thu, 09/06/2012 - 08:55 | 2767719 DOT
DOT's picture

Ramp Jobs !  Election only weeks away.

Thu, 09/06/2012 - 09:46 | 2767912 giovanni_f
giovanni_f's picture

...and they DID come (and he too)

Thu, 09/06/2012 - 09:04 | 2767745 azzhatter
azzhatter's picture

That's what he told Monica before the stain hit the blue dress

Thu, 09/06/2012 - 09:11 | 2767756 SheepDog-One
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'The jobs are coming'...yea when they start packing the FEMA forced labor camps.

Thu, 09/06/2012 - 08:50 | 2767687 LoneStarHog
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Service Jobs increased significantly due to government hiring of THOUSANDS of new IRS, TSA, etc. who now require additional SERVICE by PROSTITUTES, both MALE, FEMALE and the IN BETWEENS (aka Tweens). All of the new Service Jobs are POSITIONS in the prostitute industry.

Thu, 09/06/2012 - 08:50 | 2767697 caimen garou
caimen garou's picture

never ceases to amaze me that bullshit news is bullish and real news is.......real news? that's why I check out zero hedge everyday

Thu, 09/06/2012 - 08:54 | 2767714 youngman
youngman's picture

Its so political now I do not trust any numbers other than the amount of money in my wallet...subprime loans are back for cars...more people on foodstamps..deficit hit 16 trillion and not a peep out of the MSM.....but we are kicking ass on Abortion....

Thu, 09/06/2012 - 08:56 | 2767724 Deep79
Deep79's picture

The most annoying part is when this thing goes, all we will hear is

"We didn't see it coming, who could of known"

 

 

Thu, 09/06/2012 - 09:07 | 2767752 tbone654
tbone654's picture

PLUS, PLUS, PLUS, PLUS, PLUS....

Thu, 09/06/2012 - 09:09 | 2767766 SheepDog-One
SheepDog-One's picture

Yep Deep79 and they'll have set it up to say 'Behold, its all YOUR fault, people of america, you put in 'hated whitey repub' and its his fault I hope youre happy with yourselves ruining our work when we had it all fixed'.

Watch and see.

Thu, 09/06/2012 - 10:09 | 2768000 roadhazard
roadhazard's picture

Us Boomer's are already used to it all being our fault so join the club.

Thu, 09/06/2012 - 09:24 | 2767810 1eyedman
1eyedman's picture

....and the war on the middle class is going exceptionally well...

Thu, 09/06/2012 - 08:56 | 2767721 giovanni_f
giovanni_f's picture

Unemployed? Enroll as drone pilot. You'll make a killing.

Thu, 09/06/2012 - 08:57 | 2767725 Dr. No
Dr. No's picture

NFP will come in hot (Bruce Krasting made this call after looking at SS numbers).  Wall street will sell off since they will believe QE3 is off the table.

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