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New ADP Count Slashes Job Creation for September

CNBC.com Senior Writer

Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.

ADP's new calculations put the monthly job creation at just 88,2000, down from the 162,000 the firm originally reported earlier this month.

The firm recently has entered into a partnership with Moody's Analytics that will change the way the private payroll count is calculated.

Read more: http://www.cnbc.com/id/49620569

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Great News

This is great news! Now that those erroneously created jobs have been removed from the data, the reported unemployment rate can be moved even lower to reflect the new changes.

No doubt this is the kind of material the MSM

delegates to 3AM retractions. Too late, the liars who told the lie have already had too many people believe it.