{"id":2113,"date":"2009-09-30T10:30:00","date_gmt":"2009-09-30T15:30:00","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2009\/09\/spin-defined\/"},"modified":"2009-09-30T10:26:30","modified_gmt":"2009-09-30T15:26:30","slug":"spin-defined","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2009\/09\/spin-defined\/","title":{"rendered":"Spin Defined"},"content":{"rendered":"<p>From a <a href=\"http:\/\/money.cnn.com\/2009\/09\/30\/news\/economy\/ADP_employment\/index.htm?section=money_news_economy\" target=\"_blank\">CNNMoney.com article<\/a> this morning (emphasis mine):<\/p>\n<blockquote><p>Private sector employment fell more than expected in September, but the pace of job losses continued to slow, according to a report released Wednesday.<\/p>\n<p>Automatic Data Processing, a payroll-processing firm, said private-sector employers cut 254,000 jobs in September, down from a revised 277,000 in August. It was the smallest monthly total since July 2008.<\/p>\n<p>The decline was greater than the 200,000 loss economists surveyed by Briefing.com had forecast. <strong>But the difference was &#8220;not statistically meaningful<\/strong>,&#8221; according to Joel Prakken, an ADP spokesman and chairman of Macroeconomic Advisers, LLC.<\/p><\/blockquote>\n<p>\u201cNot statistically meaningful\u201d &#8211; tell that to the 54,000 people who lost their job this month.\u00a0 Safe to say 10% unemployment is only a couple months away.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From a CNNMoney.com article this morning (emphasis mine): Private sector employment fell more than expected in September, but the pace of job losses continued to slow, according to a report released Wednesday. Automatic Data Processing, a payroll-processing firm, said private-sector employers cut 254,000 jobs in September, down from a revised 277,000 in August. It was the smallest monthly total since July 2008. The decline was greater than the 200,000 loss economists surveyed by Briefing.com had forecast. But the difference was &#8220;not statistically meaningful,&#8221; according to Joel Prakken, an ADP spokesman and chairman of Macroeconomic Advisers, LLC. \u201cNot statistically meaningful\u201d &#8211; tell that to the 54,000 people who lost their job&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2009\/09\/spin-defined\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[49,2,5],"tags":[1748,50,1156,1399,1082],"class_list":["post-2113","post","type-post","status-publish","format-standard","hentry","category-economy","category-hiring","category-trends","tag-hiring","tag-hiring-trend","tag-job-loss","tag-rising-unemployment","tag-unemployment"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-y5","jetpack-related-posts":[{"id":974,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/06\/small-companies-continue-to-hire\/","url_meta":{"origin":2113,"position":0},"title":"Small Companies Continue To Hire","author":"Derrick Moe","date":"June 1, 2007","format":false,"excerpt":"Private-sector hiring is occurring in the small companies around the country and has been so for the past 6 months.\u00a0 From Inc.com: Businesses with fewer than 50 employees continue to outpace all larger businesses combined in creating new private-sector jobs, a new report shows. Small businesses added 58,000 new jobs\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2381,"url":"http:\/\/selectmetrix.com\/blogs\/2010\/07\/the-unanswered-question\/","url_meta":{"origin":2113,"position":1},"title":"The Unanswered Question","author":"Derrick Moe","date":"July 15, 2010","format":false,"excerpt":"Take a look at this headline from Twin Cities Business: MN June Unemployment Rate Drops, Sheds 3,700 Jobs Jobs are lost and the unemployment rate decreases\u2026how can this be?\u00a0 It is a question that begs an answer, yet you won\u2019t find it in this article.\u00a0 The closest it comes: Minnesota\u2019s\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1272,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/11\/hiring-remains-strong\/","url_meta":{"origin":2113,"position":2},"title":"Hiring Remains Strong","author":"Derrick Moe","date":"November 2, 2007","format":false,"excerpt":"The latest numbers are out and the experts are...drumroll please...\"surprised.\" From Reuters: Employers added a surprisingly strong 166,000 new non-farm jobs in October, well ahead of forecasts in an early sign that consumer incomes may be better supported than thought heading into the fourth quarter, according to a government report\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2224,"url":"http:\/\/selectmetrix.com\/blogs\/2010\/01\/2010-unemployment\/","url_meta":{"origin":2113,"position":3},"title":"2010 Unemployment","author":"Derrick Moe","date":"January 4, 2010","format":false,"excerpt":"9.3 to 9.7% That\u2019s right, that is the expectation for the 2010 unemployment rate from the Federal Reserve based on this abcnews.com story.\u00a0 I find that number shockingly high, but it is realistic. Then there is this bit of information from Reuters (emphasis mine): Speaking at American Economic Association's mammoth\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1851,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/01\/where-the-jobs-arent\/","url_meta":{"origin":2113,"position":4},"title":"Where The Jobs Aren&#8217;t","author":"Derrick Moe","date":"January 19, 2009","format":false,"excerpt":"When the economy is in a downturn, most people wonder when will it bottom out.\u00a0 I\u2019m not sure if we have bottomed yet or not, but Yahoo has a quick story listing the 5 cities that will lose the most jobs this year (speculative, of course): The New York area\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1682,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/07\/hiring-stats-should-be-localized\/","url_meta":{"origin":2113,"position":5},"title":"Hiring Stats Should Be Localized","author":"Derrick Moe","date":"July 30, 2008","format":false,"excerpt":"You ever notice what a mixed bag of economic news we receive these days?\u00a0 Here is one that caught my eye from CNNMoney.com (my editing): The private sector gained 9,000 jobs in July, primarily among small businesses and the service sector, according to a report payroll manager ADP released Wednesday.\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=2113"}],"version-history":[{"count":3,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2113\/revisions"}],"predecessor-version":[{"id":2114,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/2113\/revisions\/2114"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=2113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=2113"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=2113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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