LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!

Thank's!

zerohedge‏@zerohedge

Challenger Y/Y job cuts: +61.9K, vs +40.6K last. Biggest jump in 8 months

not so good. thanks for posting

Well....... Its bush's fault

Next up in the Economic Super Bowl: THE ADP JOBS REPORT!

This is the #1 preview ahead of tomorrow's Non-Farm Payrolls Report.

The key difference is that ADP measures only private payrolls, and doesn't capture public sector layoffs.

Analysts expect to see 150K net new jobs, up from 119K last month.

While the ADP and NFP numbers don't always align perfectly month to month, the direction of them tends to be pretty similar over time.

We'll have the number here at 8:15 AM ET.


Read more: [link to www.businessinsider.com]

MSM will spin it or just ignore it.

Probly ignore it. If they have to report it they will make an excuse.

zerohedge‏@zerohedge

ADP continues to ignore the biggest part of the US labor force: the 22MM in government workers [link to DON'T_USE-THIS]

4 min zerohedge‏@zerohedge

Again: NFP better come at -1MM tomorrow or else

4 min zerohedge‏@zerohedge

ADP 133K , Exp.150K

[link to www.adpemploymentreport.com]

Futures still green...WTF?

zerohedge‏@zerohedge

ADP manufacturing jobs: -2,000

Yayyyyyyyyyyyy Obama!
Hope and change!

zerohedge‏@zerohedge

ADP Private Payrolls Print At 133K, Miss Expectations; Manufacturing Jobs Drop Two Months In A Row [link to DON'T_USE_THIS.com]

zerohedge‏@zerohedge

GDP 2nd revision 1.9%, Exp. 19%; Initial Claims 383K, Exp 370K

Auto Jobs: Sign of the Times

"At the Hyundai plant in Montgomery, Alabama more than 20,000 people have applied for one of the 877 job openings."

[link to www.cnbc.com]


:recov: :depress:

Last Edited by Useless Cookie Eater on 05/31/2012 08:37 AM

Burt, 20k did not apply for a single position, but rather 20k applied to receive any one of the 877 open positions.

Obviously that doesn't make it any better. It's sad that this is happening in America. However, there is a possibility that if the mess in Europe, China, and India continue AND the dollar continues to strengthen, AND if America can use what little time is left to get it's finances in order then perhaps more jobs will relocate back to America.

I'm not holding my breath but at least it might hold off further reductions.

zerohedge‏@zerohedge

Quality composition of GDP just got worse, with PCE revised from 2.04% to 1.90% [link to DON'T_USE-THIS]

stocks go up when u lay off 20-30% of the work force....

That is NOT what it reads.

"At the Hyundai plant in Montgomery, Alabama more than 20,000 people have applied for one of the 877 job openings."

That reads 20K for ONE of 877.



Last Edited by Useless Cookie Eater on 05/31/2012 08:52 AM

zerohedge‏@zerohedge

10Y Treasury Under 1.6% - Record Low Yields Continue

Ah. Got it. Thanks.

at present, america is a major industrial base, europe, is more complex, for instance , when i go to any store 'here' not much 'nothing'is made in europe, quality assured.it is imports and business leaving to do business elsewhere, that, is doing the damage,.eg; the only thing made in greece was bic single blade razors.:) too many ipods, ipads, computers, tv,s, cars, shoes, on every feet. no work. simple, it is our own fault, and move on. blame yourselves, your governments do not tell you what you can, and cant buy, at the shelf. pick fruit, or grapes. the grass is greener on the other side of the road, for munger.

OLIVES THATS ALL

OUR ECONOMY IS GOING FROM STRENGTH TO STRENGTH, WE DO NOT FEEL THE IMPACT OF EURO GLITCH.
GO EASY IT WILL, GET BETTER, ONE DAY, IT MIGHT TAKE A GENERATION OF SACRIFICE,

oh hell.......

All part of the plan

zerohedge‏@zerohedge

52.7 Chicago PMI

2 min zerohedge‏@zerohedge

Chicago PMI apparently not good

zerohedge‏@zerohedge

Chicago PMI response that says it all: "Slowing down."

1 min zerohedge‏@zerohedge

Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009 [link to DON'T_USE_THIS.com]

1 min zerohedge‏@zerohedge

"A decrease in order intake and backlog over the past three months has caused our first workforce reductions since the Carter years."