Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (445604)	1/7/2009 9:24:39 AM
From: Alighieri	2 Recommendations Read Replies (2) \| Respond to of 1574856

G H W Bush explained it on Sunday -- now isn't the time, they know people are a little overdone with "Bush's" right now. Good point...he's thinking that maybe in a dozen years or so people will have forgotten just how bad things had become. Al

To: i-node who wrote (445604)	1/7/2009 9:43:17 AM
From: Alighieri	Read Replies (1) \| Respond to of 1574856

Private sector cut 693,000 jobs in December Wednesday January 7, 9:08 am ET NEW YORK (Reuters) - Private-sector employers shed 693,000 jobs in December, a private employment service said on Wednesday in a report that was far worse than expected and pointed to more ugly news from the government's jobs data due later this week. The drop, much bigger than the revised 476,000 private sector jobs lost in November, is consistent with about a 670,000 fall in December non-farm payrolls, said Joel Prakken, chairman of Macroeconomic Advisers LLC, which jointly develops the private sector employment report with ADP Employer Services. On Friday the government will release its non-farm payrolls report, considered the most authoritative gauge of the U.S. labor market. After the ADP report, U.S. Treasury bonds regained some lost ground, the dollar extended its losses against the euro and the yen and U.S. stock futures slid. The median of estimates from 20 economists surveyed by Reuters for the ADP Employer Services report was for a loss of 473,000 private-sector jobs in December. The report for December was the first month the data was issued using a new methodology, which ADP said was designed to more closely predict the outcome of the government's non-farm payrolls report. "It's obviously a terrible number, though everyone was expecting a terrible number," said Steven Butler, director of FX trading at Scotia Capital in Toronto. "The initial shock is a big one...and should keep the dollar under pressure for the rest of the session," he said. (Reporting by John Parry and Burton Frierson; Editing by Chizu Nomiyama)