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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums2nd 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 Moodys Analytics.
The number sets the stage for another possible disappointment from Fridays nonfarm payrolls report, which is expected to show growth of 165,000 after Mays 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 Moodys 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 Mays lackluster 75,000.
The economys growth rate is significantly slowing, and I think the risks are rising that its going to stall out, Mark Zandi, chief economist at Moodys Analytics, told CNBC. I think the economy is on the razors 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
The Velveteen Ocelot
(115,678 posts)1. He'll just tweet up some numbers and his cult members will believe him.
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
perfectly good tweet. He has never cared about the truth and hes not going to start now.
doc03
(35,325 posts)3. We need to see the un-employment tick up a percent before next spring.
Amishman
(5,555 posts)4. The construction drop is interesting
In my area anything construction related is absolutely booming and restrained only the inability to find additional workers.