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And big message -- number the private sector added 1191000.
Jobs -- estimate of a 177000.
Pounds that morning to ADP so.
What does this mean for Friday's jobs report Elizabeth Donald's with this now -- yeah I guess the big story is.
And we keep put out these somewhat fake number yeah I believe and then you look at.
ADP number though because it really does track.
What the government is going to report over the last ten years you -- see eighty -- closely tracks what it has been reported by the government so it's pretty tight there.
But the question is he had a tee trustees current numbers -- doing it deep dive into the numbers I'm not trusting them.
And here's a deal I mean you see that it now it's going up 59 weeks.
It's straight up revisions.
Of prior jobless numbers are higher.
Right so and that's an treated as an afterthought in the markets because when you compare it looks great.
When the revised higher because the point -- is yeah well you know it's uncommon it's unheard of for fifty ninth straight weeks.
We're always the same direction up and the other issue too is.
I you get a -- then basically.
You know boomers are retiring and so that makes the labor force participation rate.
Look pretty bad but you know that's that that the same time that's even the immigrants coming in and students coming and it basically seen the labor force -- -- -- -- continuing to decline weren't levels of 19691979.
82 and that's but the overall jobless rate unemployment rate eight point 2%.
It's it doesn't count job drop outs when -- so if you factor in the job drop outs and it.
And obliterates any ten point 9%.
And you know not Canada's job -- 80% of that improvement.
It from 10% and October 2009 to now.
Is because of the -- drop and it makes you wonder why we haven't.
We figured out any system on how to count the stat.
Yeah that's Chernin had -- -- Friday's -- coming out well it looked at you know we'll hear time and again we're in the worst rate reset written Great Recession the worst since the downturn in the thirty snow 1981.
Was the worst banking crisis worse than what we had now.
And back then we saw it more than eight and half million jobs created.
And -- the first thirty months is those verses 740000.
Net now sensors on listen to charge you.
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