After today’s ADP report, lookout for Friday.  The Cow has already sold assets in anticipation.  Here is the output of the recent BLS report.  Keep in mind the ongoing manipulation of the unemployment data from the Obama administration.  They have changed the definition of what unemployment really means.  It would have worked had we achieved their growth estimates, but without growth, their now exposed.  Friday will be interesting to review the full unemployment situation.  The BLS release from today follows:

  METROPOLITAN AREA EMPLOYMENT AND UNEMPLOYMENT -- APRIL 2011

Unemployment rates were lower in April than a year earlier in 297 of the 372
metropolitan areas, higher in 54 areas, and unchanged in 21 areas, the U.S.
Bureau of Labor Statistics reported today. Twelve areas recorded jobless rates
of at least 15.0 percent, while 16 areas registered rates of less than 5.0
percent. Two hundred thirty-seven metropolitan areas reported over-the-year
increases in nonfarm payroll employment, 126 reported decreases, and 9 had no
change. The national unemployment rate in April was 8.7 percent, not seasonally
adjusted, down from 9.5 percent a year earlier.

Metropolitan Area Unemployment (Not Seasonally Adjusted)

In April, 74 metropolitan areas had jobless rates of at least 10.0 percent, down
from 127 areas a year earlier, while 92 areas had rates below 7.0 percent, up from
59 areas in April 2010. El Centro, Calif., recorded the highest unemployment rate
in April 2011, 27.9 percent, followed by Yuma, Ariz., 25.3 percent, and Yuba City,
Calif., 20.2 percent. All of the remaining nine areas with jobless rates of at least
15.0 percent were located in California. Bismarck, N.D., registered the lowest
unemployment rate, 2.9 percent. The areas with the next lowest rates were Fargo,
N.D.-Minn., and Lincoln, Neb., 3.7 and 3.8 percent, respectively. Of the 16 areas
with jobless rates of less than 5.0 percent, half were located in the West North
Central census division. A total of 224 areas had April unemployment rates below the
U.S. figure of 8.7 percent, 146 areas had rates above it, and 2 areas had rates
equal to that of the nation. (See table 1.)

Elkhart-Goshen, Ind., registered the largest over-the-year unemployment rate
decrease in April (-4.0 percentage points). An additional 11 areas recorded
jobless rate decreases of 3.0 percentage points or more from a year earlier,
and 36 other areas had decreases between 2.0 and 2.9 points. Baton Rouge,
La., and Pascagoula, Miss., had the largest over-the-year jobless rate
increases (+1.2 percentage points each), followed by Brownsville-Harlingen,
Texas (+1.0 point).

  -------------------------------------------------------------------
 |                                                                   |
 |           Changes to Current Employment Statistics Data           |
 |                                                                   |
 | With the release of preliminary April 2011 data, state and area   |
 | nonfarm employment estimates incorporate net business birth/death |
 | adjustment factors estimated on a quarterly basis, replacing the  |
 | previous practice of estimating the factors annually. This allows |
 | the state and area nonfarm employment estimates to incorporate    |
 | information from the Quarterly Census of Employment and Wages     |
 | into the net birth/death adjustment factors as soon as it becomes |
 | available and thereby improve the factors.                        |
 |                                                                   |
  -------------------------------------------------------------------

In the 49 metropolitan areas with a Census 2000 population of 1 million or
more, the highest unemployment rates in April were registered in Riverside-San
Bernardino-Ontario, Calif., 13.4 percent, Las Vegas-Paradise, Nev., 12.1
percent, and Sacramento--Arden-Arcade--Roseville, Calif., 12.0 percent. Eight
additional large areas posted rates of 10.0 percent or more. The lowest jobless
rate among the large areas was recorded in Oklahoma City, Okla., 4.5 percent,
followed by Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va., 5.4 percent.
Forty-three of the large areas reported over-the-year unemployment rate
decreases, while three areas registered rate increases and three had no rate
change. Las Vegas-Paradise, Nev., and Detroit-Warren-Livonia, Mich., experienced
the largest unemployment rate decreases from April 2010 among the large areas
(-3.0 and -2.9 percentage points, respectively). Two other large areas reported
rate decreases of at least 2.0 percentage points. The three large areas with
over-the-year jobless rate increases were New Orleans-Metairie-Kenner, La.
(+0.7 percentage point), Miami-Fort Lauderdale-Pompano Beach, Fla. (+0.3 point),
and Memphis, Tenn.-Miss.-Ark. (+0.2 point).

Metropolitan Division Unemployment (Not Seasonally Adjusted)

Eleven of the most populous metropolitan areas are made up of 34 metropolitan
divisions, which are essentially separately identifiable employment centers.
In April 2011, Miami-Miami Beach-Kendall, Fla., registered the highest jobless
rate among the divisions, 13.2 percent, while Nashua, N.H.-Mass., reported the
lowest division rate, 4.8 percent. (See table 2.)

All but one of the metropolitan divisions recorded over-the-year jobless rate
decreases in April. The two divisions that make up the Detroit-Warren-Livonia,
Mich., metropolitan area posted the largest rate declines from a year earlier:
Detroit-Livonia-Dearborn and Warren-Troy-Farmington Hills (-2.8 percentage
points each). Miami-Miami Beach-Kendall, Fla., experienced the only over-the-
year unemployment rate increase among divisions (+1.4 percentage points).

In 6 of the 11 metropolitan areas that contain divisions, the ranges between
the highest and lowest division jobless rates were 2.0 percentage points or
more in April. Boston-Cambridge-Quincy, Mass.-N.H., recorded the largest rate
difference among its divisions, 6.3 percentage points (Lawrence-Methuen-Salem,
Mass.-N.H., 11.1 percent, compared with Nashua, N.H.-Mass., 4.8 percent).

Metropolitan Area Nonfarm Employment (Not Seasonally Adjusted)

In April, 237 metropolitan areas reported over-the-year increases in nonfarm
payroll employment, 126 reported decreases, and 9 had no change. The largest
over-the-year employment increase was recorded in Dallas-Fort Worth-Arlington,
Texas (+83,100), followed by Houston-Sugar Land-Baytown, Texas (+51,100),
Chicago-Joliet-Naperville, Ill.-Ind.-Wis. (+37,100), and Los Angeles-Long
Beach-Santa Ana, Calif. (+36,200). The largest over-the-year percentage gain
in employment was reported in Sandusky, Ohio (+13.8 percent), followed by
Elizabethtown, Ky. (+6.3 percent), Flagstaff, Ariz. (+5.2 percent), and Anderson,
S.C. (+5.1 percent). (See table 3.)

The largest over-the-year decreases in employment occurred in Riverside-San
Bernardino-Ontario, Calif. (-16,400), Sacramento--Arden-Arcade--Roseville, Calif.
(-14,600), Atlanta-Sandy Springs-Marietta, Ga. (-9,000), and Albuquerque, N.M.
(-6,300). The largest over-the-year percentage decreases in employment were
reported in Missoula, Mont. (-4.2 percent); Palm Coast, Fla., Pine Bluff, Ark.,
and Vineland-Millville-Bridgeton, N.J. (-3.2 percent each); and Glens Falls, N.Y.
(-3.0 percent).

Over the year, nonfarm employment rose in 27 of the 36 metropolitan areas with
annual average employment levels above 750,000 in 2010. The largest over-the-year
percentage increases in employment in these large metropolitan areas were posted
in Dallas-Fort Worth-Arlington, Texas, and Milwaukee-Waukesha-West Allis, Wis.
(+2.9 percent each), Houston-Sugar Land-Baytown, Texas (+2.0 percent), Austin-Round Rock-
San Marcos, Texas (+1.8 percent), and Orlando-Kissimmee-Sanford, Fla., and San Jose-
Sunnyvale-Santa Clara, Calif. (+1.5 percent each). The largest over-the-year percentage
decreases in employment occurred in Sacramento--Arden-Arcade--Roseville, Calif.
(-1.8 percent); Riverside-San Bernardino-Ontario, Calif. (-1.5 percent); and
Atlanta-Sandy Springs-Marietta, Ga., Baltimore-Towson, Md., and Indianapolis-Carmel,
Ind. (-0.4 percent each).

Metropolitan Division Nonfarm Employment (Not Seasonally Adjusted)

Nonfarm payroll employment data were available in April 2011 for 32 metropolitan
divisions, which are essentially separately identifiable employment centers within a
metropolitan area. Twenty-two of the 32 metropolitan divisions reported over-the-year
employment gains, while 10 reported loses. The largest over-the-year increases in the
metropolitan divisions occurred in Dallas-Plano-Irving, Texas (+62,900), Chicago-
Joliet-Naperville, Ill. (+37,400), New York-White Plains-Wayne, N.Y.-N.J. (+27,100),
and Los Angeles-Long Beach-Glendale, Calif. (+23,500). The largest over-the-year
decreases in the metropolitan divisions were in Camden, N.J. (-7,300), Newark-Union,
N.J.-Pa. (-6,000), Oakland-Fremont-Hayward, Calif. (-5,300), and Edison-New Brunswick,
N.J. (-2,100). (See table 4.)

The largest over-the-year percentage increases in employment among the metropolitan
divisions were reported in Dallas-Plano-Irving, Texas (+3.1 percent), Brockton-
Bridgewater-Easton, Mass., and Haverhill-North Andover-Amesbury, Mass.-N.H. (+2.5 percent
each), Fort Worth-Arlington, Texas (+2.4 percent), and Seattle-Bellevue-Everett, Wash.
(+1.7 percent). The largest over-the-year percentage decreases in employment were in
Peabody, Mass. (-1.5 percent), Camden, N.J. (-1.4 percent), Framingham, Mass. (-0.9
percent), and Newark-Union, N.J.-Pa., and Oakland-Fremont-Hayward, Calif. (-0.6 percent
each).