Job Machine

(1) ADP payroll data augur well for BLS measure. (2) Humming along. (3) Oil still gushing in Texas and N. Dakota. (4) No sign of trouble in jobless claims yet. (5) Direct impact of oil plunge on US employment and capital spending is very small. (6) ADP data should get more respect. (7) Small firms turning into larger firms account for lots of employment gains. (8) Oil windfall for advanced economies is almost $1 trillion. (9) Ditto for emerging economies. (10) Industry analysts raising profit margin and earnings forecasts for S&P 500 Transportation stocks. (11) Focus on overweight-rated S&P 500 Transportation sector.