Wednesday, January 06, 2010

So much for that "Christmas Bounce"

ADP reports December payroll down by 84,000. While this isn't the official figures -- they come out on Friday -- the ADP figures have by and large mirrored private non-farm non-governmental job gain and loss over the past couple of years. So all the desperate "shop! shop! shop!" action of December could not keep Americans employed... why are people talking about deficits right now, again?

-- Badtux the Baffled Economist Penguin

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