Posted on 09/05/2024 8:37:49 AM PDT by Tipllub
Private sector payrolls grew at the weakest pace in more than 3½ years in August, providing yet another sign of a deteriorating labor market, according to ADP.
Companies hired just 99,000 workers for the month, less than the downwardly revised 111,000 in July and below the Dow Jones consensus forecast for 140,000.
August was the weakest month for job growth since January 2021, according to data from the payrolls processing firm.
“The job market’s downward drift brought us to slower-than-normal hiring after two years of outsized growth,” ADP’s chief economist, Nela Richardson, said.
(Excerpt) Read more at cnbc.com ...
But but but, THE JOY!!!!
On KommieLa’s watch.
The JOY is the dressing on the word salad.
Does the ADP number include part time and illegal immigrants...like the “official” unemployment number?
BBB, the economy is great!🤬🤬🤬
And will be adjusted downward from there like every past month!
NONE OF THESE NUMBERS INCLUDE THE PEOPLE WORKING UNDER THE TABLE FOR CASH.
ESPECIALLY INVADERS WHO CANNOT LEGALLY QUALIFY TO WORK IN USA.
NONE OF THEM CAN CORRECTLY FILL OUT A FORM I-9. THEY ALSO CANNOT PROVIDE THE REQUIRED DOCUMENTS
That is getting dangerous - The contractors I know that used to pay the day labors in cash are worried they will be robbed when the illegals see all of the cash they are carrying.
UNEXPECTED! DRINK!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.