Private sector adds 206,000 jobs in November (ADP)

[ProSense]

Private sector adds 206,000 jobs in November

(Reuters) - The pace of job growth in the economy's private sector accelerated in November, with U.S. employers adding 206,000 jobs, a report by a payrolls processor showed on Wednesday.

The ADP National Employment Report surpassed economists' expectations for a gain of 130,000 jobs, according to a Reuters survey. October's private payrolls were revised up to an increase of 130,000 from the previously reported 110,000.

The report is jointly developed with Macroeconomic Advisers LLC.

"The ADP news is very good news. The private sector is adding jobs," said Wayne Kaufman, chief market analyst at John Thomas Financial in New York.

more

[WI_DEM]

1. My guess based on this report and the weekly unemployment claims reports

is that Unemployment will be below 9% in November when the report is released in a few days.

[doc03]

2. I hope so, I hope it goes below 8% by next September. n/t

[bigdarryl]

6. Not if you have these stinking rethug Governors purposely laying off Government workers

[Tarheel_Dem]

3. +1

:thumbsup:

[Pirate Smile]

4. Chicago PMI also came in much better then expected. Good News.

Nov. Chicago PMI accelerates to seven-month high

WASHINGTON (MarketWatch) -- The November reading of the Chicago PMI rose to 62.6% from 58.4% in October, which is a seven-month high and the 26th straight month over the 50% level that indicates expansion. Economists for MarketWatch had expected the gauge to stay at 58.4%. Gauges for production, new orders and order backlogs all accelerated. One panelist said, "From observation from our company it feels as if the market is making a comeback."

http://www.marketwatch.com/story/nov-chicago-pmi-accelerates-to-seven-month-high-2011-11-30


CHICAGO PMI BEATS EXPECTATIONS: DOW NOW UP 375

The good news keeps rolling in.

The Chicago PMI came in at 62.6, well ahead of expectations of 58.5.

The Dow is up 380 now.

Stocks were already surging thanks to major central bank intervention, as well as a strong ADP number

Read more: http://www.businessinsider.com/chicago-pmi-smashes-expectations-dow-now-up-375-2011-11#ixzz1fCW3aD5X

[bigdarryl]

5. Watch they say these are TEMPORARY seasonal jobs for the holiday

[Life Long Dem]

7. You mean the media will talk about this?

I don't think they will be playing it like Dean's scream speech.