Friday, January 04, 2013

Jib, Jab, Jobs

One thing most of us can agree on is the sputtering Jobs market. This President has done the best he can with a Congress that is not willing to work as part of a team to assist in long sustained Job growth. Although we have seen consistent growth over the last year and a half or so, we haven't seen the numbers yet that can account for new workers entering the work force, and getting those unemployed and under employed in meaningful living wage jobs.

The ADP Jobs report (PDF) is an indicator of what to expect later this morning. The document shows 215,000 private sector jobs added and a 30,000 revision of November's numbers to 148,000. Last month's DoJ report, had 146,000 jobs added, which is pretty darn close to the 148 ADP revision. The expected number for today is around 150,000, but I'm thinking closer to 200,000.

I'll be back later this AM with the DoJ figures. If the over/Under is 175,000 I'll tkae the over.

Flash

UPDATE: It's the under:
The economy added 155,000 jobs in December, bringing the total number of jobs added in 2012 to 1.84 million, the Labor Department said Friday. 
Better than the alternative, but simply not good enough!