May 2, 2012

ADP: 119,000 Private-Sector Jobs Added in March

Filed under: Economy — Tom @ 9:25 am

Not good:

Employment in the U.S. nonfarm private business sector increased by 119,000 from March to April on a seasonally adjusted basis. The estimated gain from February to March was revised down modestly, from the initial estimate of 209,000 to a revised estimate of 201,000. Employment in the private, service-providing sector increased 123,000 in April, after rising 158,000 in March. Employment in the private, goods-producing sector declined 4,000 jobs in April. Manufacturing employment dropped 5,000 jobs, the first loss since September of last year.

Zero Hedge says expectations were for 170K.

ADP’s track record against Uncle Sam’s employment report is shaky. In March, ADP now shows a revised 201K compared to the government’s initial private-sector number of 121K. Maybe Friday’s employment report will go in the opposite direction compared to ADP this time, but I’m not optimistic about that happening.

Latest PJ Media Column (‘Economic News Embargoes Should Apply to All’) Is Up

It’s here.

It will go up here at BizzyBlog on Friday (link won’t work until then) after the blackout expires.

The column’s subhead: “In the Internet Age, the establishment press news spinners shouldn’t need — and don’t deserve — early access.”

Privileged members of the press get to see key economic reports, including every Thursday’s release on initial unemployment claims and the Employment Situation report we will see on Friday morning, 30-60 minutes before everyone else does. They’re abusing their privilege to create spin instead of reporting facts and digging deeper. Pre-embargo access is an undeserved relic of the pre-Internet era. Establishment press outlets — all of them — should have to compete against every other interested party, for attention, and don’t deserve the head start.

Wednesday Off-Topic (Moderated) Open Thread (050212)

Filed under: Lucid Links — Tom @ 7:15 am

Rules are here. Possible comment fodder may follow later. Other topics are also fair game.

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Positivity: Quick-thinking prince uses his Army training to save polo rival

Filed under: Positivity — Tom @ 6:30 am

From the UK Daily Mail a month ago:

PUBLISHED: 02:47 EST, 2 April 2012 | UPDATED: 05:12 EST, 3 April 2012

AS a polo player lies unconscious after a fall, the first to his assistance is his opponent Prince Harry.

The 27-year-old prince immediately leapt from his horse after businessman Bash Kazi crashed to the turf following a collision with two other riders.

Harry, who has learned first-aid techniques in the Army, gently rolled the stricken rider on to his side in the recovery position.

And when Mr Kazi came round, his royal rescuer helped him to his feet.

It is believed that 41-year-old Mr Kazi, chief executive of the U.S. defence technology firm KIG, suffered minor concussion but he was able to walk off the field and even rejoined the match later.

Medical experts said yesterday that Harry’s prompt action could have saved his opponent’s life. Joe Mulligan, head of first aid at the British Red Cross, said: ‘Given the prince is a veteran of Afghanistan and an active duty officer in the British Army, he’s presumably had good training in basic trauma care – so it’s not surprising he knew what to do.

‘But his actions do underline a very serious point: when accidents happen, particularly on a sports field, someone needs to have the confidence and skills to step in immediately and help. Simply laying someone on their side so they can breathe properly is good first aid and could save that person’s life.

‘We know the public are often misled into believing that first aid is complex and difficult to learn, but learning the basic steps that can save someone’s life is easy and something anyone can do. …

Go here for the rest of the story.