Economic Education

dis[\pite what you might be hearing from the White House ... ADP(?) the guys that do pay checks are reporting that FEWER people are getting checks ...

PRIVATE SECTOR JOBS - APRIL2012
177,000 Expected
119,000 ACTUALLY ADDED
Worst showing for new jobs in 7 months

FACTORY ORDERS - March 2012
DOWN 1.5%
the biggest drop in 3 years

PRIVATE SECTOR JOB GROWTH THIS YEAR
JAN = 182,000
FEB = 228,000
MAR = 201,000
APR = 119,000
(numbers from ADP)

although jobs have been added to the private sector for 27 straight months

although these jobs have not raised people back to the level they were at before the recession - so the numbers are not seen as cheery as one might think ...