ADP's December 2012 National Employment Report is out. In it, November's employment was revised upwards from 118,000 to 148,000, which matches the initial BLS November number -- very good news. More importantly, December showed a gain of +215,000 jobs.
That's over a 45% increase in jobs created from the previous month, which simply shatters any sort of notion that severe austerity is what the nation needs to grow faster.
What are the chances that tomorrow's BLS report shows a higher employment gain than ADP's and a concurrent drop in unemployment? If it does happen to come in higher than ADP's numbers, it might point to an easier compromise between the two parties, as cuts would be more palatable (offset by solid job gains), even while we raise the debt ceiling.
There is still hope, eh?
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