The ADP National Employment Report for April released today
contains disappointing job news.
Analysts expected employment to grow by 170,000 in April. ADP is reporting that only 119,000 new jobs
were created. As the following table
prepared by Steven Hansen of Global Economic Intersection shows almost all of
the growth was in small and medium size businesses and in the service sector.
Data from the Bureau of Labor Statistics will be released on
Friday and often differs, sometimes considerably, from ADP estimates. However, this news from ADP is NOT good news
for the country or Obama and the Democrats. More here: http://www.epi.org/publication/ib330-productivity-vs-compensation/ and
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