“Though layoffs continue to be rare, a hesitancy to hire and a reluctance to replace departing workers led to job losses last month,” Nela Richardson, ADP’s chief economist, said in a press release published Wednesday morning.
Love the reasonable and rational posts about economic indicators that make a comeback whenever the people whom you support are in power. Good on you. Everyone totally believes that a quote like that from a year ago would be met with the same acceptance and compliments.
The excuses. The rationalization. He was dealt a pretty rough hand of numerous sequential quarters of job growth. So rough.
Of course you do. These same numbers during the Biden admin would have you in fits about the complete failure of the admin. In fact small six figure numbers had you in fits.
I live, I breathe, I keep my eyes and ears open. I think for myself and do not rely on the media to feed me my mindsets and conclusions. It’s based on the reality of the world around me. Take for example when I told you way back in early 2020 that Biden was declining mentally and at a very fast rate. What did you do? You voted for Biden. That example of yesterday in part explains this very moment in time. Now if you’ll excuse me, I must go stimulate the American economy.
…and there’s no question about that. In fact, I’m glad Biden won in 2020 due to that and that this nation has Trump now. IMO…we’re better off for this.
Many/most of the job losses were in healthcare
(healthcare jobs have been growing at 5x the national rate for decades.)
So, if the ADP report is indicative then either
a. ) Tariffs are bad and Trump is bad and the eoncomy is heading down so people decided to stop getting sick and old,
-or-
b.) With so much unsustainable growth sooner or later (like when AI comes out) there had to be a decline in that sector. It was inevitable.