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Demovictory9

(32,449 posts)
Wed Jul 3, 2019, 12:27 PM Jul 2019

2nd month of weak job numbers. I guess Trump and Ivanka won't be brag tweeting today

Ivanka tweets about job growth as if she had something to do with. Sarah Sanders tweeted this week about how Trump AND Ivanka are creating jobs.

https://www.cnbc.com/2019/07/03/adpmoodys-private-payrolls-rise-102000-in-june-vs-135000-est.html

Job creation has another rough month in June as private payrolls rise by just 102,000

Private payrolls rose 102,000 in June, missing Wall Street expectations of 135,000, according to a report Wednesday from ADP and Moody’s Analytics.
The number sets the stage for another possible disappointment from Friday’s nonfarm payrolls report, which is expected to show growth of 165,000 after May’s lackluster 75,000.
Small businesses lost 23,000 for the month as construction and mining suffered drops.

Job creation looks to have had another rough month in June, with private companies adding just 102,000 new positions, according to a report Wednesday from ADP and Moody’s Analytics.

That missed even the meager 135,000 estimate from economists surveyed by Dow Jones and comes off the weak May growth of just 41,000. The May number was revised up from an initially reported 27,000.

The disappointment sets the stage for another possible letdown from the more widely watched nonfarm payrolls report from the Labor Department, which will be released Friday and is expected to show growth of 165,000 after May’s lackluster 75,000.

“The economy’s growth rate is significantly slowing, and I think the risks are rising that it’s going to stall out,” Mark Zandi, chief economist at Moody’s Analytics, told CNBC. “I think the economy is on the razor’s edge, and this number is consistent with that view.”
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2nd month of weak job numbers. I guess Trump and Ivanka won't be brag tweeting today (Original Post) Demovictory9 Jul 2019 OP
He'll just tweet up some numbers and his cult members will believe him. The Velveteen Ocelot Jul 2019 #1
Like he would let facts get in the way of a Phoenix61 Jul 2019 #2
We need to see the un-employment tick up a percent before next spring. doc03 Jul 2019 #3
The construction drop is interesting Amishman Jul 2019 #4

The Velveteen Ocelot

(115,678 posts)
1. He'll just tweet up some numbers and his cult members will believe him.
Wed Jul 3, 2019, 12:31 PM
Jul 2019

He'll say the economy is growing faster than ever and more jobs were created than in any administration in history.

Phoenix61

(17,003 posts)
2. Like he would let facts get in the way of a
Wed Jul 3, 2019, 12:41 PM
Jul 2019

perfectly good tweet. He has never cared about the truth and he’s not going to start now.

Amishman

(5,555 posts)
4. The construction drop is interesting
Wed Jul 3, 2019, 01:03 PM
Jul 2019

In my area anything construction related is absolutely booming and restrained only the inability to find additional workers.

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