The worst in quite some time': Trump hit by bad news as latest job numbers shock
This discussion thread was locked as off-topic by Lasher (a host of the Latest Breaking News forum).
Source: Raw Story
Analysts were left shocked Wednesday after ADP released its latest jobs report that showed private employers had shed 32,000 jobs in September, a stark contrast to the expected gain of around 50,000 jobs.
Very disappointing, it was a weak number; this is private sector jobs for September, the total comes in negative 32,000, said CNBC host Sara Eisen on Wednesday.
And that was a surprise because economists were looking for an increase of 51,000. Also, the revision was not good. August was revised down sharply, the month now showing negative 3,000 compared to the initial read of positive 54,000... the labor market is softening."
...
Fox Business Maria Bartiromo called the numbers as worse than expected, and Bloomberg News Michael McKee described the numbers as "obviously the worst in quite some time.
Read more: https://www.rawstory.com/jobs-2674143998/
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MuchBetterThanThis
(78 posts)You know, replace him/her with a washed up FOX News personality?😵💫
KS Toronado
(22,098 posts)FakeNoose
(39,493 posts)On DU we all saw this coming a mile away.
We've been talking about this ever since the inauguration when Chump harped about his tariffs and Musk went into DOGE and started firing everyone in sight.
It's been obvious to EVERYONE that Chump is single-handedly dragging us into recession. Next stop ... depression.
patphil
(8,491 posts)The job market is catching up with the immigration and tariff disasters.
It's going to get worse. The Christmas retail market will be interesting to say the least.
riversedge
(78,834 posts)seems they do not expect a bigly Christmas mailing season??
progree
(12,548 posts)count in their report one month before. ("jobs" in above actually meaning private sector jobs).
Lasher
(29,281 posts)Please continue discussion in this earlier thread.