This is only a Preview!

You must Publish this diary to make this visible to the public,
or click 'Edit Diary' to make further changes first.

Posting a Diary Entry

Daily Kos welcomes blog articles from readers, known as diaries. The Intro section to a diary should be about three paragraphs long, and is required. The body section is optional, as is the poll, which can have 1 to 15 choices. Descriptive tags are also required to help others find your diary by subject; please don't use "cute" tags.

When you're ready, scroll down below the tags and click Save & Preview. You can edit your diary after it's published by clicking Edit Diary. Polls cannot be edited once they are published.

If this is your first time creating a Diary since the Ajax upgrade, before you enter any text below, please press Ctrl-F5 and then hold down the Shift Key and press your browser's Reload button to refresh its cache with the new script files.


  1. One diary daily maximum.
  2. Substantive diaries only. If you don't have at least three solid, original paragraphs, you should probably post a comment in an Open Thread.
  3. No repetitive diaries. Take a moment to ensure your topic hasn't been blogged (you can search for Stories and Diaries that already cover this topic), though fresh original analysis is always welcome.
  4. Use the "Body" textbox if your diary entry is longer than three paragraphs.
  5. Any images in your posts must be hosted by an approved image hosting service (one of: imageshack.us, photobucket.com, flickr.com, smugmug.com, allyoucanupload.com, picturetrail.com, mac.com, webshots.com, editgrid.com).
  6. Copying and pasting entire copyrighted works is prohibited. If you do quote something, keep it brief, always provide a link to the original source, and use the <blockquote> tags to clearly identify the quoted material. Violating this rule is grounds for immediate banning.
  7. Be civil. Do not "call out" other users by name in diary titles. Do not use profanity in diary titles. Don't write diaries whose main purpose is to deliberately inflame.
For the complete list of DailyKos diary guidelines, please click here.

Please begin with an informative title:

From CNBC:

The private sector created an eye-popping 297,000 jobs from November to December, according a report from ADP that was the highest number the payroll firm has ever reported.

In its monthly report compiled with Macroeconomic Advisors, ADP said the service sector accounted for the bulk of the creation, with 270,000 jobs while goods producers supplied the remaining 27,000

ADP itself noted "This month’s ADP National Employment Report suggests nonfarm private employment grew very strongly in December, at a pace well above what is usually associated with a declining
unemployment rate."

You must enter an Intro for your Diary Entry between 300 and 1150 characters long (that's approximately 50-175 words without any html or formatting markup).

Some more good news about job creation:

The optimistic report came shortly after news that planned layoffs in the US declined in December to the lowest monthly level of 2010, while expected job cuts for the full year came in at the lowest mark since 1997, outplacement firm Challenger, Gray and Christmas reported Wednesday.

Companies reported 32,004 planned layoffs last month, down 34 percent from November and 29 percent from December 2009.

That was the lowest number of planned cuts since June 2000.

Friday the BLS will issue its December report on unemployment. One difference between the BLS report and ADP is ADP is only for private firms.  As a result, expected job losses in State and Local Governments are not captured in the ADP report.

To be very clear here: unemployment is still way too high.  Moreover, it will take YEARS ro replace the jobs lossed in the Great Recession. If I were king for a day I would initiate a large jobs program to put as many people back to work as I could.   Moreover,as I have written many times here I have significant concerns about how globalization may have broken the traditional relationship between GDP growth and job creation that is expressed in Okun's Law.   Additionaly, some will argue that the potential for a double dip in housing and continuing revenue short falls in the States will hamper job creation.  

Nevertheless the ADP report, the evidence about planned layoffs, and the recent decline in continuing unemployment claims weekly claims to below 400K suggest an improving job market.

Extended (Optional)

Originally posted to fladem on Wed Jan 05, 2011 at 08:08 AM PST.


Your Email has been sent.