https://www.nbcnews.com/business/economy/companies-adp-lost-32000-jobs-rcna234880U.S. companies shed 32,000 jobs in September, according to the payroll processing company ADP, a surprising decline that adds to growing concerns about the rapidly weakening labor market.ADP, which released its monthly private sector employment report Wednesday, was expected by Wall Street to report job growth of 45,000 in the month.The weak labor report comes after some recent economic data — gross domestic product and unemployment claims — offered a slightly more positive outlook for the U.S. economy.“Despite the strong economic growth we saw in the second quarter, this month's release further validates what we've been seeing in the labor market, that U.S. employers have been cautious with hiring," ADP chief economist Nela Richardson said.ADP may be the only jobs data reported this week. The government shutdown, which began Wednesday, means that the Bureau of Labor Statistics is closed and unable to publish the official government jobs report Friday.
Companies with fewer than 50 employees were among those hit the hardest in September, with firms employing 20-49 employees shedding 21,000 jobs and those employing fewer than 19 workers losing 19,000 jobs.ADP said the negative number was due in part to recently revised BLS data but "the trend was unchanged; job creation continued to lose momentum across most sectors." Additionally, "pay gains for job-changers slowed to 6.6% from 7.1% in August."ADP also revised down August's employment growth of 54,000 to a loss of 3,000.However, the company said that it found year-over-year pay growth for "job stayers," or people remaining in their roles for an extended period of time, continued to pace ahead of inflation at 4.5%.Large companies with more than 500 people on their payrolls were the only to see gains, according to ADP's report.ADP found that the weakest industries for jobs included leisure and hospitality, professional and business services companies, and businesses that conduct financial activities.Trade, transportation and utility companies were also among the hardest-hit sectors.>ADP also revised down August's employment growth of 54,000 to a loss of 3,000.>ADP also revised down August's employment growth of 54,000 to a loss of 3,000.
It's still Biden's economy
>>1443829And will be until the second it starts to rebound or a Democrat takes back the White House, whichever comes first
I wonder if Larry, Curly and Moe could do a better job then Trump. He's murdering youse guys.
>>1443854You could take a shit in the oval office and that's do a better job than Trump. At least that turd wouldn't be actively trying to tear down the country and enact fascism.
1443829>It's still Trump's economyftfy which is more than can be said for the economy Trump's tanking
>>1443826Just wait until the tax cuts for billionaires trickle down. It'll more than cover the increased costs for groceries (which are not due to tariffs, because tariffs are only taxes on other countries that have been ripping us off by selling us coffee)>>1443829It's actually Hillary's fault (we're still recovering from the economic fallout of her emails)
>>1443861>other countries that have been ripping us off by selling us coffeeIt's time the US pulled itself up by it's own bootstraps and grew their own coffee
>>1443829So it's still bidens economy? Yall didn't say the same shit when Biden was president but also do you not think the tariffs have anything to do with this?
>>1443829>the economy before 20th January 2021Therefore it's still Trump's economy
>>1443879This is definitely Trump's economy given his strong positions on economic policy. Ai and deportations haven't helped Job growth numbers either
>>1443883>Strong positions on economic policyExactly. Look at the price of eggs. We've hit China so hard that they're desperately resorting to making the price of eggs go up 10%. That's all the proof you need the system is working.
>>1443872Hawaii already grows the best coffee beans in the world. Starbucks has been ripping of America by buying inferior beans from Yunnan China. Tariffs are required in order to protect Kona brews.
>>1443931Hawaii grows the best girls too. Stop importing them from Mexico!
>>1443931Brazil is a coffee exporting superpower, while Hawaii's production is very small by comparison and cannot meet even the United States' domestic demand.
>>1443931>Hawaii already grows the best coffee beans in the world.I dont think is enough to supply the whole country though
>>1443872It's challenging due to climate limitations
>>1443951Nonsense, there's a wonderful make work program in here. 1. Get our Army to visit Brazil (any country with enough coffee production also works)2. Mandatory trips to coffee plantations3. Soldiers eat as many coffee berries as they can.4. Don't let soldiers poop5. Get soldiers home quick (important)6. Let soldiers poop7. pick beans out of shitIts brilliant, scalable, and cheap, and it would probably create superior coffee
>>1443954This anon is too powerful to be allowed to roam free
>>1444020Many such cases
>>1443826its over
>>1443826Leftist numbers. We need to start investigating these statisticians. The economy is the best it has been in years! God bless Donald Trump!
>>1443829>Illegals take jobs>Every time you deport an illegal you open up a job for an American>60k deportations per month, and 2 million self deportations since DJT came into power>Should have at least that many job openings>still -32,000 jobsMath aint mathing
>>1443829Guys I think this is a sarcasm
>>1443872Soon the environment will be hot enough to grow coffee in the United States. I guess that's good, meh?
