Posted by Brian
REPORT: SEPTEMBER JOBS NUMBERS INFLATED
by WILLIAM BIGELOW 31 Oct 2012, 3:11 PM PDT
So you were suspicious about those September job creation numbers touted by the Obama Administration? You had good reason to be.
The payroll data firm ADP, which recently became partners with Moody’s Analytics, revised their estimate of the September jobs created down from 162,000 to 88,200. That new number is considerably less than the Labor Department’s count of 114,000, which included 104,000 from the private sector.