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The fake news media is working overtime to help Joe Biden’s reelection bid. The disastrous May jobs report was released on Friday: According to the BLS, nonfarm payrolls expanded by 272,000 – ‘better than expected’ and the unemployment rate rose to 4% (this number is also a lie). But the fake news media is spinning the abysmal report to help Joe Biden. “U.S. adds a much-better-than-expected 272,000 jobs in May, but unemployment rate edges up to 4%” – CNBC boasted on Friday. ... Fake News CNN really hyped up the May jobs report. “US economy added a whopping 272,000 jobs...

Private sector job creation slowed further in November and wages showed their smallest growth in more than two years, payrolls processing firm ADP reported Wednesday. Companies added just 103,000 workers for the month, slightly below the downwardly revised 106,000 in October and missing the 128,000 Dow Jones estimate. Along with the modest job growth came a 5.6% increase in annual pay, which ADP said was the smallest gain since September 2021. Job-changers saw wage increases of 8.3%, making the premium for switching positions the lowest since ADP began tracking the data three years ago.

Mike Judge wrote and directed a masterpiece of cinema called “Idiocracy” where large corporations convince a progressive government to use Brawndo (a Gatorade clone) to grow vegetables resulting in a Dust Bowl. Why? Because the Progressive leadership determine that plants crave … electrolytes. But the electrolytes in Bidenomics has resulted in bank credit growth of -0.5% YoY. On the data front, it has become a running joke: the “strong” Bidenomics economy comes with an expiration date, as it is only “strong” for about a month, at which point the initial “strength” is downgraded, and the data is revised sharply lower....

Last week, the employment news was all about how payrolls increased by 269,000 jobs and blew past expectations. Yet, when we looked at the actual number of employed persons, it turned out that the number of employed people has gone down in recent months. At 158.4 million, total employment is still nearly 400,000 workers below where it was before the Covid Panic of 2020. Those who support the everything-is-great narrative have responded to the unimpressive employed-workers numbers by dismissing them as a result of workers retiring and other demographic changes. These explanations, however, require that we ignore the fact that...

Private payrolls fell by 301,000 for the month, well below the Dow Jones estimate for growth of 200,000 and a marked plunge from the downwardly revised 776,000 gain in December. It was the first time ADP reported negative job growth since December 2020.

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.

The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics. That was well above the 150,000 estimate from economists surveyed by Dow Jones and more evidence that the U.S. still is a good distance from full employment even with the jobless rate at its lowest point in more than 50 years. The total also was a sharp gain from the 199,000 in December, which was revised down 3,000 from the initial count. The ADP count comes two days...

Companies kept up the hiring pace in March, adding 241,000 positions as employment in construction and manufacturing surged, according to a report Wednesday from ADP and Moody’s Analytics. Economists surveyed by Reuters had been expecting the report to show that private payrolls had gained by 205,000. This was the fifth straight month that the ADP/Moody’s count showed private payrolls up by at least 200,000, though March saw a slight decline from the upwardly revised 246,000 in February. On a year-over-year basis, March 2018 nearly doubled the 122,000 total from the previous year. “The job market is rip-roaring,” Mark Zandi, Moody’s...

Companies added 253,000 new jobs in May, well above expectations of 185,000 and April's 174,000. Big growth areas were construction and professional and business services. A Just Energy Group Inc. representative speaks with job seekers during the Best Hire Career Fair in Houston, Texas, U.S., on Thursday, July 7, 2016. ADP reports payrolls up 253K in May 50 Mins Ago | 03:20 Job creation surged in May thanks to a jump in construction positions and a boom in professional and business services, according to a report Thursday from ADP and Moody's Analytics. Private payrolls increased by 253,000, well ahead of...

And so the confusion remains: why did Yellen go uber dove three days ahead of a day in which the BLS reported that in March not only were 215K jobs created, more than the consensus 205K, if below last month's 245K, but in which average hourly earnings rebounded a solid 0.3%, above the 0.2% expected, and well above last month's -0.1% decline. Payrolls:  Wages:  However, the fly in the the ointment was that the unemployment rate picked up modestly from 4.9% to an above expectations 5.0%. This was due to a modest increase in the participation rate to 63%...

2014 January Job Cut Report: Planned Cuts Surge 50 Percent After falling to a 13-year low in December, monthly job cuts surged nearly 50 percent to kick off 2014, as U.S.-based employers announced plans to reduce their payrolls by 45,107 in January, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. The 45,107 job cuts last month were 47 percent higher than a December total of 30,623, which was the lowest one-month total since 17,241 planned layoffs were announced in June 2000. January job cuts were up 12 percent...

Good News! Non-farm payrolls increase by 165,000 and the unemployment rate declined to 7.5%. Bad News! It had to be helped by a 193,000 increase due to the BLS Birth/Death adjustment. May 3 (Bloomberg) — Employment picked up more than forecast in April and the jobless rate unexpectedly declined to a four-year low of 7.5 percent, showing federal budget cuts failed to destabilize the U.S. labor market. Payrolls expanded by 165,000 workers last month following a revised 138,000 increase in March that was larger than first estimated. The median forecast of 90 economists projected a 140,000 gain. Revisions added a...

Developing

U.S. labor unions paid MSNBC “Ed Show” host Ed Schultz roughly $200,000 in 2011, and roughly $337,000 over the last seven years, according to Department of Labor documents. Newsbusters first reported that the liberal TV talker received $190,000 from the Communications Workers of America for “representational activities” in 2011. CWA president Larry Cohen is a regular guest on Schultz’s radio program. The International Brotherhood of Electrical Workers also paid Schultz $9,900 last year. In 2010 his union salaries totaled a comparatively small $37,350. The American Federation of State, County and Municipal Employees (AFSCME); the International Brotherhood of Electrical Workers (IBEW);...

Job growth in the private sector continued at a modest pace in September, led by the service-producing sector and small businesses, according to a report released Wednesday. Automatic Data Processing ADP said payrolls increased 91,000 in September, compared with 89,000 in August, which marked a slight downward revision from the initial August print of 91,000. Economists had anticipated a gain of around 75,000 for September.

<p>WASHINGTON (MarketWatch) - Job growth was unchanged in August, the weakest performance in almost a year...lower than the 53,000 gain expected.</p>

WASHINGTON (MarketWatch) — Private-sector payrolls increased 91,000 in August, led by the service-producing sector and small businesses, according to the ADP employment report released Wednesday. Economists were predicting the ADP figure would rise by about 100,000. The expansion for July was revised down to 109,000 from a prior estimate of 114,000... According to ADP, service-sector employment rose 80,000 in August, compared with 11,000 for the goods-producing sector. Small-business employment rose 58,000, compared with 30,000 for medium businesses and 3,000 for large businesses.

WASHINGTON (MarketWatch) — Private-sector employment rose 157,000 in June, according to Automatic Data Processing Inc.’s employment report released Thursday, in what could be a signal that the recent economic soft patch may not last long. The headline number surprised Wall Street, coming in more than double the 70,000 increase expected by economists. Read more on U.S. stock futures taking comfort from ADP payrolls. With the report typically considered the first stab at counting job gains each month, markets will be watching the ADP data closely because last month’s report accurately predicted the sharp drop in nonfarm payroll subsequently reported by...

Real Payroll numbers calculation: 431k minus 411k (census) minus 31k (temporary) minus 215k (birth/death) = -226k. Bad Full report at http://stats.bls.gov/news.release/empsit.htm

WASHINGTON (Reuters) – The U.S. unemployment rate surprisingly fell to a five-month low in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs. The White House cautiously welcomed the figures but said more needed to be done to put people back to work. Democrats fear voters could punish them in November congressional elections if headway is not made in tackling unemployment. The decline in payrolls reported by the Labor Department on Friday was far smaller than the 150,000 drop posted in December. November's data from...