68,000 jobs cut in November

Businesses with fewer than 50 employees cut 68,000 jobs in November, according to employment services company ADP.

A range of small-business owners tell CNN their banks have stopped lending them the money that the owners say would help them weather the recession.

edition.cnn.com...

So what happened to the other 57,000? They all got jobs? www.abovetopsecret.com...



edition.cnn.com...

reply to post by eldard


A lot of times small businesses do not employ full time, or the workers did not work long enough for unemployment, or a range of other excuses.

The Unemployment numbers we see essentially are from the big corporations, and a loose calculation of those newly receiving unemployment benefits.

The number one number we see a lot of times at the begining of the month is from Payroll corporations, that manage payroll for other large corporations, and they can easily calculate the fluctuation of payroll numbers.

So you might see on CNN "Payroll number decline" .. this is a sampling of payroll companies and their total clients.

Very, very, very, very inaccurate science.

Usually takes one full year to get an accurate counting: Tax Receipts.

reply to post by eldard


here's my attempt to shine-the-light on the discrepency in employment #s

posted on 5-12-2009 @ 23:48


Yes, the 11,000 statistic itself is outta-whack,
and is not a reflection of the actual number.

The BLS uses the 'birth-death model'
and i'm certain the BLS used the average number of seasonal jobs
'birthed' during the holiday seasons of the last decade (1998-2008)
...

from: www.abovetopsecret.com...