Marketplace Index for Wednesday, February 1, 2012

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Episode Description 
In January, ADP says there were 170,000 people added to payrolls, slightly underthe 182,000 experts predicted. In addition, ADP revised its strong December number of 325,000 down significantly to 292,000. Joel Prakken is the senior managing director of Macroeconomic Advisors, the group that issues the report with ADP.  He says, "In the fairy tale, slow and steady wins the race, but I wish we were running a little bit faster here in terms of job creation." And the Daily Pulse is down today on news that 28 percent of Americans are currently underwater on their homes.

11 million homeowners underwater

Over a quarter of Americans owe more than their homes are worth, but does the U.S. government have the political will to help?
Posted In: President Obama, underwater mortgage, refinance, election, Housing

Slow and steady wins the race

Today payroll giant ADP announced 170,000 new additions to payrolls.
Posted In: jobs report, adp, payroll, employment

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