Posted on 01/06/2021 7:13:21 AM PST by Onthebrink
Private payrolls in December unexpectedly declined for the first time since April, according to a report Wednesday from payroll processing company ADP.
The company, which estimates employment each month prior to the release of the government’s official payroll estimate on the first Friday of each month, said private payrolls fell by 123,000 in December.
(Excerpt) Read more at breitbart.com ...
Biden Effect
Only those asleep all month were “surprised”. This is gonna be a helluvu year.
Bet states hiking their minimum wages January 1 does, too...
Big Depression coming.
It is already here, it was just masked over in the election exuberance.
Reality is about to hit rock bottom
“Bet states hiking their minimum wages January 1 does, too...”
Oh, you can count on a national $15/hr minimum wage. But you can also count on the wall being torn down and no enforcement at the border. So a lot of Biden voters will be dismayed to find that they can’t get a job for $15/hr, and they might notice a lot of Mexicans taking those jobs, (for considerably less that $15/hr).
Listen here from about 9:50 in at the analysis that is shared and how this is all going to happen. It is actually pretty good.
https://www.jdfarag.org/bible-prophecy/bp36
Wait? Shutdowns make people unemployed? How’d that happen?
That’s probably only for ADP’s ‘employees of record’.
Many companies have moved their workers from being their employees to ADP employees, to get the health insurance cost reductions of a large group, and to handle the payroll and HR.
The worker’s company is the managing employer, ADP is the ‘employer of record’ (does the paychecks, IRS stuff, I think workers comp, too).
Many companies switched their workers rather covertly. A company suddenly requiring a Form I-9 (Employee Eligibility Verification) for each worker is a clue it’s happening.
Stocks are UP this morning!
S&P 500 3,748.05 +21.19(+0.57%)
Dow 30 30,716.87 +325.27(+1.07%)
Nasdaq 12,802.71 -16.25(-0.13%)
Russell 2000 2,026.30 +47.19(+2.38%)
Reality bites.
That’s the Chinese money talking.
“Reality bites.”
It does. And I’m going to be “that guy” pointing out to the Biden voters that they’re getting what they voted for.
bkmk
How does this surprise anyone?
When you start shutting down large swaths of the economy...people will lose their jobs and drop off payrolls.
My guess is that “temporary holiday” help never materialized this year. So any normal “bump” in employment, never happened.
It will not begin to turn around until there is a new administration and “suddenly” the COVID cases will drop, things will open up, vaccines will rush out to the general populations...and “all will be right with the world.”
If you were to write this story, it would be un-sellable because no one would believe it.
Private payrolls in December unexpectedly declined for the first time since April, according to a report Wednesday from payroll processing company ADP.
Probably, the total people, who lost their jobs due to Fidel Che Gruesome and Killer Cuomo were more enough to equal the total loss of jobs nationwide.
Businesses cutting back to offset the coming economic disaster that will be created by Democrat policies.
I-9 forms being filled out at EVERY employment junction has been required since the late 70’s.
IF I hired MY MOTHER or MY BROTHER, I would have to have them fill in an I-9 correctly & completely.
“Unexpected”. Back to Obama era reporting where all the bad news is “unexpected” and blamed on a republican.
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