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Wednesday, February 3, 2010

ADP Job losses of 22,000

According to "Government math", ADP overstates losses by 89,000---except for last month. January is when we have some of the census workers added, and Government fiddling with jobs that they thought were created but weren't.

Goldman estimates a loss of 25,000 jobs Friday. But if you use Govt. math, we should have a gain of 67,000 jobs come Friday.

That is, if they properly cook the books!

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