Labor Department may delay jobs report until after the election
- Thread starter Jello Biafra
- Start date
It Takes A Nation...
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I'm not sure how I feel about this. Not sure it would affect the election one way or the other.
i hope they do it. hope Mitt wins the popular vote. Obama wins the EC. they release the number post election and they suck. 
i hope they do it. hope Mitt wins the popular vote. Obama wins the EC. they release the number post election and they suck.
Republicans would shyt a brick.
It Takes A Nation...
Rookie
Republicans would shyt a brick.
There would be all kinds of conspiracy charges leveled. The entertainment value would be
Private sector adds most jobs in 8 months in Oct - Yahoo! Finance
Private sector adds most jobs in 8 months in Oct
NEW YORK (Reuters) - Companies added 158,000 jobs in October in the biggest gain in eight months, data from a payrolls processor showed on Thursday in a revamped report on the private sector labor market.
The historical data for the ADP National Employment Report was revised as part of the new methodology, which was used for the first time in the October report. September's increase has halved to 88,200 new jobs from an initially reported 162,000.
October's increase was the biggest jump since February and topped economists' forecasts for a gain of 135,000 jobs.
Economists often refer to the ADP report to fine-tune their expectations for the nonfarm payrolls report due on Friday, though it is not always accurate in predicting the outcome. The overhaul is meant to bring ADP's numbers more in line with the government's final revised jobs figures.
"I think markets have already begun to be quite wary of ADP's lack of predictability. I think that's exactly what's driving some of these revisions," said Bricklin Dwyer, economist at BNP Paribas.
"We've been surprised by some of the magnitudes of the increases or decreases in ADP before and they have not suggested such significant changes in nonfarm payrolls."
The closely watched nonfarm payrolls report is expected to show employment picked up in October, but not enough to prevent the unemployment rate from rising off a near four-year low.
U.S. stock index futures saw little impact from the data with Wall Street looking at a flat open in the aftermath of the massive storm that hit the U.S. northeast. The dollar rose to a session high against the yen.
Private sector adds most jobs in 8 months in Oct
NEW YORK (Reuters) - Companies added 158,000 jobs in October in the biggest gain in eight months, data from a payrolls processor showed on Thursday in a revamped report on the private sector labor market.
The historical data for the ADP National Employment Report was revised as part of the new methodology, which was used for the first time in the October report. September's increase has halved to 88,200 new jobs from an initially reported 162,000.
October's increase was the biggest jump since February and topped economists' forecasts for a gain of 135,000 jobs.
Economists often refer to the ADP report to fine-tune their expectations for the nonfarm payrolls report due on Friday, though it is not always accurate in predicting the outcome. The overhaul is meant to bring ADP's numbers more in line with the government's final revised jobs figures.
"I think markets have already begun to be quite wary of ADP's lack of predictability. I think that's exactly what's driving some of these revisions," said Bricklin Dwyer, economist at BNP Paribas.
"We've been surprised by some of the magnitudes of the increases or decreases in ADP before and they have not suggested such significant changes in nonfarm payrolls."
The closely watched nonfarm payrolls report is expected to show employment picked up in October, but not enough to prevent the unemployment rate from rising off a near four-year low.
U.S. stock index futures saw little impact from the data with Wall Street looking at a flat open in the aftermath of the massive storm that hit the U.S. northeast. The dollar rose to a session high against the yen.
I'm predicting a higher jobs number and lower unemployment. I think we are on the cusp of coming out this thing.
All these CEO/companies holding jobs back will see the light next Tuesday. We will add 400k to 500k jobs the first few months of 2013. They can't artificially hold jobs forever.
All these CEO/companies holding jobs back will see the light next Tuesday. We will add 400k to 500k jobs the first few months of 2013. They can't artificially hold jobs forever.
The jobs report data really hasn't had a profound effort on the election. The numbers will be good but I expect unemployment to be back over 8% because of Cali.
Tony D'Amato
It's all about the inches
Unemployment definitely gonna be up. They should keep those numbers quiet till Wednesday. Then it wont matter
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It's about to get gangsta.