I Found Waldo On The Unemployment Line
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And he's got plenty of company:
Private sector employment decreased by 10,000 from July to August on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The estimated change of employment from June to July was revised down slightly, from the previously reported increase of 42,000 to an increase of 37,000.
The decline in private employment in August confirms a pause in the recovery already evident in other economic data. The deceleration in employment was evident in the major sectors and by size of business. This month’s decline in employment followed six monthly increases from February through July. Over those six months the average monthly gain in employment was 37,000 with no evidence of acceleration.
Unlike the estimate of total establishment employment to be released on Friday by the Bureau of Labor Statistics (BLS), today’s figure does not include the effects of federal hiring — and now firing — for the 2010 Census. Hiring for the census peaked in May. For this reason, Friday’s figure for the change in nonfarm total employment reported by the BLS might be weaker than today’s estimate for nonfarm private employment in the ADP National Employment Report.
Augusts’ ADP Report estimates nonfarm private employment in the service-providing sector rose by 30,000, the seventh consecutive monthly gain. This increase was not enough to offset an employment decline in the goods-producing sector of 40,000. Employment in the manufacturing sector decreased 6,000, the second consecutive monthly decline.
Remember how if there was so much as a net gain of a single private sector job (and at least a hundred thousand new ones a month are needed to keep REAL unemployment from increasing) False Messiah would cite it as "proof" that the economy is "heading in the right direction"? So much for that spaghetti crutch.
It's hardly "unexpected". An economy that never really emerged from the Obamapression and has suffered a "Recovery Summer" cascade failure of crashing sales, driven by crashing consumer demand, and reaching the expiration dates of all the Dems' statist cosmetic gimmickry was never going to conjure up the half-million jobs a month Barry instructed Slow Joe to stumble around the country idiotically promising, without which the economy will never recover no matter what the season is.
And just in time for the party of Jackassery to receive their reward from the voters, too.
Think of the following as a preview of their side of the fall campaign.
A whole lotta them will be finding Waldo too, methinks.
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