Two months?? Granted, I am a CPA, but I suspect they have never looked at a payroll report.
The Payroll report this month was a pretty fair outlier, with the BLS estimating only 95K private sector jobs were created.
Orders for durable goods and a private payroll report were surprisingly good.
There was zero net growth in new jobs, at least by the way the Bureau of Labor Statistics tallies up the numbers in the nonfarm payroll report.
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Joshua Feinman, chief economist at Deutsche Bank Asset Management, noted that the Labor Department payroll report indicated fewer hours worked and no signs of an upward trend in wages.
During the week, ISM numbers showed both the manufacturing and non-manufacturing parts of the economy continue to move forward at the speed of a slug, while the discredited ADP private payroll report showed the private sector adding only 114, 000 jobs in June. (Read Economy Moving At Snail Speed, ISM, Jobs Report Show).
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As markets digest the positive surprise provided by the ADP employment numbers, which showed that 217, 000 private sector jobs were added to the economy ahead of the all-important non-farm payroll report by the Labor Department on Friday, planned layoffs reached an 11-month high on February, with the number increasing for a second consecutive month, giving investors reasons to be concerned.
The important non-farm payroll figure in the report is seen coming in at up 60, 000.
The private sector created 215, 000 new jobs in December, a new report from payroll giant ADP shows.
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Private firms increased hiring last month, adding some 216, 000 workers, according to a monthly report from payroll giant Automatic Data Processing.
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U.S. businesses stepped up hiring last month, adding workers at a greater-than-expected pace, according to a new report from payroll giant ADP.
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The May unemployment report from the U.S. Department of Labor was weaker than expected, even as market watchers braced themselves for smaller job growth after a poor report from payroll firm ADP earlier this week.
The important non-farm payroll figure in the jobs report is seen coming in at up 60, 000.
The White House continued "to urge Congress to move toward a sustainable Federal budget", he said, and warned against "reading too much into any one monthly report" as payroll estimates were volatile and could be revised substantially.
Jobless claims held steady, and point to a modest uptick in payroll growth in the May employment report on June 1.
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The report also suggested Congress consider a temporary payroll tax cut for 2011.
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But Ms. Vick failed to foresee that the system would automatically report the fake employees to a state payroll-tax agency as if they were new hires at an actual company.
In their 1998 report, the Trustees projected that Social Security outlays would exceed dedicated payroll tax revenues in 2013, which was then 15 years away.
Rick Santorum, R-Pennsylvania, and other Republicans praised the commission's report, saying it offered the possibility of a Social Security solution without raising payroll taxes on future workers.
Moreover, certain types of payroll-service providers, including so-called professional employee organizations, aren't required to report tax payments to their clients.
As MPs considered the Finance Bill, which enacts many measures in this year's Budget, at report stage on 5 July 2011, shadow financial secretary Chris Leslie said that a bank payroll tax could be incorporated within the government's bank levy.
Market watchers said the report will likely present an overview of the U.S. economy in the wake of the higher payroll taxes that kicked in during January.
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