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"Obviously, we've seen the one payroll estimate--the ADP estimate came out yesterday, and it seemed to suggest that it might tick upward," Gibbs said in response to a question about tomorrow's unemployment data.
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Still, he added: "I don't know how to predict these things" and noted that he doesn't know exactly what Friday's report will bring.
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According to a national employment report published Wednesday by payroll company Automatic Data Processing Inc. (ADP) and consultancy Macroeconomic Advisers, the pace of layoffs eased further in November. The report showed that private-sector jobs in the U.S. fell 169,000 last month.
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Gibbs, speaking ahead of a key jobs summit Thursday, said the Obama administration is eager to hear the private sector's ideas on job creation even as it actively examines ways to use leftover Troubled Asset Relief Funds to aid the ailing labor market.
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"We've obviously lost millions and millions of jobs since the beginning of this recession," Gibbs told reporters. "I would point out some good news on jobless claims. Weekly jobless claims are at their lowest point in a year, which is certainly hopeful," he said. "But we want to hear from and investigate ideas that the private sector has for creating an environment that is conducive to hiring.
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"Government is not going to create jobs that will make up for the dip that we have," he said.
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-By Maya Jackson Randall, Dow Jones Newswires; 202-862-9256; maya.jackson-randall@dowjones.com
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Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=NsViVaG0MhuownGg9OaPgQ%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
December 03, 2009 10:43 ET (15:43 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.- - 10 43 AM EST 12-03-09
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