What's wrong with these private firm that seems to be so very wrong so often; they are supposed to be based on hundreds of thousands of payroll checks cut !!!
Recent ADP job gains revised lower, but others pushed higher
Today's ADP jobs release (+139K in February vs. 150K expectations) is notable for major revisions to previous numbers, with the most recent months revised sharply lower as those months further back are revised significantly higher.
Originally reported as a gain of 175K, January is cut to 127K.
December cut to 191K from 227K, November raised to 245K from 215K, October to 196K from 130K, September to 215K from 166K.
Indices all made new YTD highs: ADP tomorrow and Friday's UE data. Place thy bets.
I agree with you on this. All those earned income credits passed into law since Clinton years are welfare programs for the big corporations who continue to squeeze employee compensation and move them to government programs in income credits, food stamps, section 8's, childcare, education credits, medicaid, medicare D ... etc.
On the other hand, if the obstructionists refused to work with POTUS to raise the living standard of workers, those income credits are the only solution.
Ditto with the conflicts elsewhere, particularly in Africa. Of course we have to pick our fights and priority is USA interest, humanitarian down the list.
So they were there early on like every other countries and started packing for home once they realized that it was no picnic. Now, how about the other turfs I listed?
Germany needs to deal with its own neighbors. Let the NATO powers lead and we support. Where were the German troops when our soldiers were in harms way in Afghanistan? Where were they when we took the lead in Palestine, Syria, Libya, North Korea ... Time for them to move their Gluteus maximus.
No more free rides for richer members Germany, Canada and Japan in particular:
We, the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States and the President of the European Council and President of the European Commission, join together today to condemn the Russian Federation’s clear violation of the sovereignty and territorial integrity of Ukraine, in contravention of Russia’s obligations under the UN Charter and its 1997 basing agreement with Ukraine. We call on Russia to address any ongoing security or human rights concerns that it has with Ukraine through direct negotiations, and/or via international observation or mediation under the auspices of the UN or the Organization for Security and Cooperation in Europe. We stand ready to assist with these efforts.
We also call on all parties concerned to behave with the greatest extent of self-restraint and responsibility, and to decrease the tensions.
We note that Russia’s actions in Ukraine also contravene the principles and values on which the G-7 and the G-8 operate. As such, we have decided for the time being to suspend our participation in activities associated with the preparation of the scheduled G-8 Summit in Sochi in June, until the environment comes back where the G-8 is able to have meaningful discussion.
We are united in supporting Ukraine’s sovereignty and territorial integrity, and its right to choose its own future. We commit ourselves to support Ukraine in its efforts to restore unity, stability, and political and economic health to the country. To that end, we will support Ukraine’s work with the International Monetary Fund to negotiate a new program and to implement needed reforms. IMF support will be critical in unlocking additional assistance from the World Bank, other international financial institutions, the EU, and bilateral sources.
sym Jan-end Today MTD
dow 15698.91 16321.9 3.97%
nas 4103.88 4308.12 4.98%
spx 1782.58 1859.47 4.31%
hp 29 29.88 3.03%
sym 2013end Mar-end 1Q Change
dow 16576.66 16321.9 -1.54%
nas 4176.58 4308.12 3.15%
spx 1848.36 1859.47 0.60%
hp 27.98 29.88 6.79%
How soon you had forgotten those payroll tax holidays, foreign earnings tax repatriation, Auto bailout and TARP under Dubya, all before the 2008 election date. Without those stimulus to aid the muni governments, small businesses, unemployment benfits, tax credits, payroll tax holidays and inrastructure jobs, think there would not be more layoffs? Remember these old businesses:
Sizzler, Sambo's Souper Bowl, Cory's, Jasco's, Kings Table Buffet, Ribs City, Katsu's, (Todai -most locations), Shakey's Pizza, Straw Hat Pizza, Popeye's, Albatross, Fresh Choice ... Mervybs, Factory 2 U, Lucky Supermarket, Thrifty, Longfellow Lumber, Ben Franklin, Circuit City, Hobbytown USA, Kay Bee Toys, Linens N Things, Miller's Outpost, Toy Depot, Taj Bazaar ... HealthSouth, Countrywide, Washington Mutual, Nvastar Financial, K-Mart, New Century Financial, Calpine, Adelphia, Lehman Brothers, Bear Stearns ... Not to mention all those furniture stores, Loan offices, Real Estate and Hotels.
And the millions of layoffs from businesses that catered to them.
billy, That's why the sequester was a decent deal to bust the deficit. Unfortunately, the obstructionists got calls from the military complex and restored the funds.
ben, right on ... and where where those jobs created by the rich since Bush's 2002/2003 dividend tax and top tax rate cuts ???
lang, As IBM and HP and XYZ layoff US workers, they add elsewhere. That is the sin. Obama has been calling for several years to stop giving tax deductions on severances, plant closing write offs and foreign investments to multinationals that shipping jobs overseas while laying off domestic workers. Time for Boehner to break rank and do good for American workers.
Strange that investors have and continue to pump big money in the Bakken region. Suspect more inside stories to come on this topic.
along with $b's in stock buy backs. Same song practised by Carl, Hurd and Meg:
International Business Machines Corp. (IBM) began dismissing U.S. workers yesterday, part of a $1 billion restructuring to help the company meet profit goals as it adapts to shifts in the technology industry.
Workers in New York, Vermont, Minnesota, Iowa, Missouri, Oklahoma and North Carolina were fired yesterday, according to Alliance IBM, an employee group. The Armonk, New York-based company had a headcount of 431,212 at the end of 2013, down 0.7 percent from a year earlier -- its first decline in a decade.
IBM is aiming for $20 a share in adjusted earnings by 2015, up from $11.67 in 2010 -- a target made more difficult by seven straight quarters of falling revenue. To get there, Chief Executive Officer Ginni Rometty has fired and furloughed workers, sold assets, cut IBM’s tax rate and bought back shares.
The company has already begun eliminating positions this year in Europe, Asia and South America, according to Alliance IBM. Worldwide, this year’s job cuts could lead to the elimination of at least 13,000 employees, Toni Sacconaghi, an analyst at Sanford C. Bernstein & Co., said in a Feb. 3 report.
Rometty is seeking to transform IBM as clients shift to storing their data and applications offsite, or in the cloud, rather than buying their own servers.
“IBM continues to rebalance its workforce to meet the changing requirements of its clients and to pioneer new, high-value segments of the IT industry,” the company said in a statement yesterday. At any given time, IBM has more than 3,000 job openings in its growth units, including its cloud business and nanotechnology, the company said.
Tough to remain calm dealing with some posters herein. Reminds me of an old Japanese saying, we are very different:
What if the bird will not sing?
Nobunaga answers, 'Kill it!'
Hideyoshi answers, 'Make it want to sing.'
Ieyasu answers, 'Wait.'
amoulits, To the right wing nuts, truth will set them free: "Truth lives a wretched life,
but always survives a lie."
There you go again manufacturing nonsense:
California leads the pack with $778 billion in state debt, mostly as a result of the state’s $584 billion unfunded public pension liability. New York ($388 billion), Texas ($341 billion), Illinois ($321 billion), and Ohio ($321 billion) round out the top 5 states with the largest amounts of state debt. While each figure is staggering in its own right, this perspective does seem to highlight those states with the largest populations.
In terms of per capita, Alaska’s state debt is equal to $40,714 per person, followed by Hawaii ($33,111), Connecticut ($31,298), Ohio ($27,836), and Illinois ($24,959).
State debt as a percentage of gross state product is another possible measure. Across the spectrum of states, this figure varies widely. Hawaii (64 percent), Ohio (63 percent), New Mexico (62 percent), Alaska (57 percent), and Mississippi (54 percent) all face a state debt that totals more than 50 percent of their entire 2012 gross state product.
You think eating the grease loaded burger instead of throwing it away is bad for the kids? If the kids are hungry, they'll eat rabbit food like I did last night.
The AZ low would open the door to all sorts of discrimination. e.g. businesses refuse to serve soldiers or cops because any killing is against their religion, no service to women from mormon businesses, no service to Arabs from christians, no service to blacks from catholics, no service to republicans from democrats against global warming, no service to meat eaters from vegans ... lawyers and courts will be busy.