Posted on 08/30/2023 10:43:15 AM PDT by ChicagoConservative27
Job growth in the private sector slowed sharply in August, coming in below economists’ expectations and hinting at a cooling labor market.
The private sector added only 177,000 jobs in August, according to the latest ADP National Employment report released Wednesday. This marks a significant drop from July’s numbers, which ADP revised upward to 371,000.
Economists surveyed by Reuters had anticipated a 195,000 increase in private employment, while those polled by Dow Jones had forecast a 200,000 increase, according to CNBC.
“This month’s numbers are consistent with the pace of job creation before the pandemic,” said Nela Richardson, the chief economist with ADP, in a statement.
(Excerpt) Read more at thehill.com ...
Keep it that way.
If the economy and stock market look good just before the election there is a probability the sheeplike American people will vote Dem again (added to the vote fraud system which Biden boasted is the best in the world).
Diaper retard said bidenomics is working? What gives/
***********************
Bidenomics will be a gift in 2024. It’ll be a campaign gift and a punchline for economic incompetence.
Remember, the adults are in charge.(sarcasm)
“Job growth dips sharply as labor market cools”
Did they actually pay someone to write this? Let’s see:
No jobs - no job market
Hope this rocket science gets off the pad.
wy69
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