07
Jul
11

non-news

Didn’t hear much about this news today, did you?

CNN Money: The job market got two optimistic signs Thursday as private sector employers added 157,000 positions in June and fewer people filed new claims for unemployment benefits, according to two reports.

Payroll processing company ADP said private jobs grew rapidly in June – a figure that was much higher than expected and more than four times higher than the prior month …  Economists were expecting a gain of just 60,000 private sector jobs…

….ADP’s chief executive, Gary Butler, said that June’s data “are a significant improvement,” especially given last quarter’s 1.9% GDP growth.

“Given such strong employment results despite poor GDP, I am optimistic we will see improving job growth in the second half of the year,” Butler said.

…. In a separate report Thursday, the Labor Department said the number of first-time filers for unemployment insurance fell by 14,000 to 418,000 last week. Economists expected 425,000 initial claims.

***

***

Reuters: U.S. private employers added far more jobs than expected in June, bouncing back from a surprise slump the month before, a report by payrolls processor ADP showed on Thursday.

The private sector added 157,000 jobs last month, exceeding expectations for a gain of 68,000, according to a Reuters survey of economists.

…. U.S. stock index futures added to gains following the report, while the dollar gained more ground against the yen.

Friday’s jobs report is expected to show a modest rise in overall nonfarm payrolls of 90,000 for last month and a gain in private payrolls of 110,000….

On Wednesday, a stable employment reading from the Institute for Supply Management’s service sector survey suggested employment growth later in the year…..


10 Responses to “non-news”


  1. 1 deaniac83
    July 7, 2011 at 9:29 pm

    Yeah but where is the sensation in that? The “news” media only reports news that causes a stir – regardless of actual news value.

    • 2 utaustinliberal
      July 7, 2011 at 9:41 pm

      Hey deaniac83, read your FANTASTIC blog post about the Obama Administration arguing about the unconstitutionality of DOMA. Your post was detailed, filled with facts and that missing ingredient in the msm: Truth. Keep up the great work! 🙂

  2. July 7, 2011 at 9:30 pm

    Gives weight to the old saw, ‘no news (from mainstream media) is good news’! 😉

  3. 4 hopefruit2
    July 7, 2011 at 9:33 pm

    I thought as much. Which is why all the MSM poutrage distraction about SS, Medicare and Medicaid. The economy is doing better, but the MSM doesn’t want people to focus on it.

  4. July 7, 2011 at 9:34 pm

    Remember how they freaked out last month when the report wasn’t so great? Now, crickets. I hate the media.

  5. 6 utaustinliberal
    July 7, 2011 at 9:38 pm

    Where are the Newstainers? If this was bad news they’d be going Hamsher on PBO and evoking mass hysteria. Thank goodness for the fantastic leadership in the Executive branch. As they say, this is Baracktastic news!

  6. 7 GGail
    July 7, 2011 at 9:41 pm

    So since they won’t spread the news…WE WILL!

  7. 8 TrumpDog
    July 7, 2011 at 9:53 pm

    If it were bad news, you can bet it would be blasted non stop on the “liberal” media.

  8. 9 HZ
    July 7, 2011 at 10:41 pm

    These sad MSM stale “News-Pouts’ should be going home with their fat checks feeling like a disgracful bunch of “news-fade-outs” Sad.They do not deserve the checks..

  9. 10 Anthony L. Miller
    July 7, 2011 at 11:21 pm

    The pundits on the left is going to wait and see the jobs report tomorrow. If it is bad, you will hear about it all over the news. If it is good, you will not hear it on the news.


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