"Obviously, we've seen the, one payroll estimate — the ADP payroll estimate — came out yesterday and it seemed to suggest that it might tick upward," White House press secretary Robert Gibbs said this morning about the unemployment rate. The Bureau of Labor Statistics will released November's unemployment numbers tomorrow.
The ADP predicted that nonfarm private employment decreased 169,000 from October to November 2009– the eighth consecutive month during which the decline in employment was less than in the previous month. The ADP National Employment Report® is a measure of nonfarm private employment based on payroll data representing approximately 400,000 of ADP's 500,000 U.S. business clients and roughly 23 million employees.
"I don't know how to predict these things," Gibbs said. "I think what we have always said is we're going to have to…continue to make progress in seeing a decrease in the number of those that are unemployed each month, in order to see either stability in the jobless rate or to have that jobless rate tick down." He added that "as a result of the Recovery Act, I think as a result of actions that were taken to stabilize the financial system, we have seen good progress since last January where I think the number of jobs lost that month alone was 741,000."