Disaster: ADP Says July Private Payrolls Climbed Just 167,000, Far Lower Than Expected

Breitbart ^ | 08/05/2020 | John Carney

[ChicagoConservative27]

Businesses in the United States expanded their payrolls by just 167,000 in July, according to a report from payroll processor ADP.

Economists had forecast around 1.9 million, with a range between 750,000 and 3.3 million, according to Econoday. In a sign of the extreme levels of uncertainty around jobs numbers in the pandemic era, economists surveyed by Dow Jones forecast a 1 million jobs gain.

[moehoward]

“ If you got called back to your job, you accept or lose unemployment”

You are likely to lose it if you are called back and don’t return.

[EEGator]

I guess that’s also true.
There’s so many unemployed right now, there’s no way they can keep track of everyone.
It’s pretty much an open checkbook.
Millions are really hurting, and a decent percentage of them are making less money on UI.

[EEGator]

Wasn’t the stock market at an all time high in 1929?

[MonicaG]

Similar here on the “No more Commute!” aspect of working from home, which I’ve been doing since mid-March. No more 35 mile/45 minutes each way, through major metropolis freeway interchanges & stressful “bad part if town” journey to my office.

Plus, my company (on-site manufacturing, programming, testing, welding, paint-line... and engineering, electrical & R&D) had a round of COVID-19 layoffs (so grateful to God I still have a job) and froze all raises & performance bonuses, so to me, WFH is that raise & bonus - at least 30 hours/month not commuting, and not filling my gas tank 1+times/week.

Unlike you though, I’ve got another 20 years until retirement.

[FamiliarFace]

Thanks to RINO governors, too.

[NELSON111]

I don’t know what you people are talking about. Trump shutdown the economy. He said so in the axios interview. “I had to close it down. I closed down the greatest economy, ever, in history.” He said it twice. Think I’m wrong or lying? Look it up yourself. It starts at the 4:15 mark.

So-Trump himself takes credit for the shutdown. He says he did it. So-why does everyone want to pass the buck when folks here have been trying to tell you that it was the Whitehouse that made these decisions all along-but you would not listen. Now-you have the president in his own words saying he did it.

https://youtu.be/zaaTZkqsaxY

[Buckeye McFrog]

Trump shut down the economy INITIALLY.

We can debate how accurate the models were and whether or not he actually should have done that, but he did.

Then he proceeded with a plan to re-open America.

Then Democrat governors, aided by the media, wildly inflated “case numbers” and some wobbly RINO’s started shutting it down again.

That’s what happened here in Pennsylvania. People had gone back to their bar and restaurant jobs and just as quickly were tossed out of them again with a stroke of the governor’s pen.

[cuban leaf]

My company is actually still hiring - and I’m a contractor in IT. But that is because we’re the power company. :)

[Fido969]

We have a small payroll service, and while some companies are doing great, overall, payrolls are down about 20%.

[oldplayer]

Finally! NPR will give this news an in-depth story ever night this week!