Private sector employment stumbles

The employment numbers are not looking good at all. Can you imagine how bad they would look without the stimulus?

CNBC:

Private-sector job growth tumbled by 39,000 from August to September, a considerably worse number than analysts had expected and indicative that the employment market is far from recovery, according to ADP.

The ADP National Employment report, compiled with Marcoeconomic Advisors, was projected to show a gain of 20,000 for the month.

"It's a disappointing number but it's not unexpected," Joel Prakken, chairman of Macroeconomic Advisors, told CNBC. "GDP growth has slowed to below the growth rate of productivity and it's inevitable that you'd have this deceleration in jobs."