Posted on 08/30/2023 10:23:25 AM PDT by Kaiser8408a
Billions Biden, the President who loves to (recklessly) spend taxpayer money (mostly on large donors). is going to have difficuly spinnig the latest employment figures.
First, ADP jobs added only 177k jobs in August.
Second, job openings (JOLTs) are collapsing (blue line) while the S&P 500 index keeps climbing (orange line).
The face of Bidenomics. The high Priestess of BIG GOVERNMENT and oppression.
(Excerpt) Read more at confoundedinterest.net ...
Does anybody have the “revised” ADP numbers from the last 6 months. Bet it shows an interesting picture.
Anyone who believes a shred of economic information coming from this administration is hight. Just look at the prices when you go to the store, restaurant or gas station.
The next big collapse point is Sept 15
, when financing of commercial real estate hits.
The number of jobs is nothing more than a figure pulled from some Deep State Bureaucrat's "nether regions" released with fanfare and designed to make Crooked Joe's "Bidenomics" look good.
The REAL figure will be revised downward in a month or so and no one will report or pay any attention to it.
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