Trump continues to cause anemic job creation in private companies

C

Cypress

Well-known member

Private payrolls rose by just 22,000 in January, far short of expectations, ADP says​

Private companies added just 22,000 positions for January. The total was less than the downwardly revised 37,000 increase in December and below the consensus forecast for 45,000.

Private companies added just 22,000 positions for the month and the number would have been negative had it not been for a surge of 74,000 hires in the education and health services category. The total was less than the downwardly revised 37,000 increase in December and below the Dow Jones consensus forecast for 45,000.

www.cnbc.com

Private payrolls rose by just 22,000 in January, far short of expectations, ADP says

The U.S. labor market barely budged in January, with hiring below even muted expectations.
www.cnbc.com www.cnbc.com
 

U.S. Jobs Disappear At Fastest January Pace Since Great Recession​

January was the worst start to a year for job cuts in the United States since 2009, with high-profile layoffs at UPS and Amazon fueling a tumultuous beginning to 2026 on the labor market, according to a private firm’s report, as official government reports remain delayed.

The 108,435 job cuts last month represented a 118% jump from the same period last year and the most in any January since 2009, when the U.S. was reeling from the Great Recession triggered by a housing market crisis, consulting firm Challenger, Gray & Christmas said in its latest monthly report.



 
Cypress said:

Private payrolls rose by just 22,000 in January, far short of expectations, ADP says​

Private companies added just 22,000 positions for January. The total was less than the downwardly revised 37,000 increase in December and below the consensus forecast for 45,000.

Private companies added just 22,000 positions for the month and the number would have been negative had it not been for a surge of 74,000 hires in the education and health services category. The total was less than the downwardly revised 37,000 increase in December and below the Dow Jones consensus forecast for 45,000.

www.cnbc.com

Private payrolls rose by just 22,000 in January, far short of expectations, ADP says

The U.S. labor market barely budged in January, with hiring below even muted expectations.
www.cnbc.com www.cnbc.com
Click to expand...
The jobs are being filled by Americans.
 
Cypress said:

Private payrolls rose by just 22,000 in January, far short of expectations, ADP says​

Private companies added just 22,000 positions for January. The total was less than the downwardly revised 37,000 increase in December and below the consensus forecast for 45,000.

Private companies added just 22,000 positions for the month and the number would have been negative had it not been for a surge of 74,000 hires in the education and health services category. The total was less than the downwardly revised 37,000 increase in December and below the Dow Jones consensus forecast for 45,000.

www.cnbc.com

Private payrolls rose by just 22,000 in January, far short of expectations, ADP says

The U.S. labor market barely budged in January, with hiring below even muted expectations.
www.cnbc.com www.cnbc.com
Click to expand...
more tariffs are in order.
 
Biden did give us a bout of manufacturing job growth, that trump simply cannot. The problem is manufacturing involves inputs which trump is putting huge tariffs on. And any investment in manufacturing needs 20-50 years of stability, where trump cannot be stable for a full minute.

Now queue a bunch of trumpers talking about promised investment, that never happens. Promised investment that never happens is the worst. It crowds out real investment, and delivers nothing.
 
Walt said:
Too early to say. Rising productivity is often good for job growth, with creating better paying, less physically brutal jobs.
Click to expand...
its not too early to say.
the ai people themselves are saying its great for eliminating entry level jobs.

where else do humans start working?
 
Monad Portal said:
its not too early to say.
Click to expand...
We still do not know where AI is going, so it is clearly too early to tell.

Monad Portal said:
the ai people themselves are saying its great for eliminating entry level jobs.
Click to expand...
There are AI people?

A few years ago, everyone thought AI would eliminate blue collar jobs, but not white collar jobs. I personally was sure that within a decade all new cars would drive themselves. Blue collar jobs seem very safe now, but entry, but high level white collar jobs are in danger. It looks like AI can write a legal brief, but not drive a truck.

That being said, it is way to early to tell. We could be just as mistaken about white collar jobs as blue collar jobs.

Monad Portal said:
where else do humans start working?
Click to expand...
There was a time that white collar workers started as calculators doing basic calculation. First the calculator, and then the computer eliminated that entry level position. And yet, we still have accountants.
 
Cypress said:

Private payrolls rose by just 22,000 in January, far short of expectations, ADP says​

Private companies added just 22,000 positions for January. The total was less than the downwardly revised 37,000 increase in December and below the consensus forecast for 45,000.

Private companies added just 22,000 positions for the month and the number would have been negative had it not been for a surge of 74,000 hires in the education and health services category. The total was less than the downwardly revised 37,000 increase in December and below the Dow Jones consensus forecast for 45,000.

www.cnbc.com

Private payrolls rose by just 22,000 in January, far short of expectations, ADP says

The U.S. labor market barely budged in January, with hiring below even muted expectations.
www.cnbc.com www.cnbc.com
Click to expand...
I'll bet all the losers who believed trump's going to "fix the economy on day one" are feeling pretty fucking betrayed right now, amirite?
 
Walt said:
We still do not know where AI is going, so it is clearly too early to tell.
Click to expand...

it's not too early.

they openly sell it as a way to lay off more humans.


Walt said:
There are AI people?

A few years ago, everyone thought AI would eliminate blue collar jobs, but not white collar jobs. I personally was sure that within a decade all new cars would drive themselves. Blue collar jobs seem very safe now, but entry, but high level white collar jobs are in danger. It looks like AI can write a legal brief, but not drive a truck.

That being said, it is way to early to tell. We could be just as mistaken about white collar jobs as blue collar jobs.


There was a time that white collar workers started as calculators doing basic calculation. First the calculator, and then the computer eliminated that entry level position. And yet, we still have accountants.
Click to expand...
white collar jobs in danger is also bad.

there's no upside.
 
Cypress said:

U.S. Jobs Disappear At Fastest January Pace Since Great Recession​

January was the worst start to a year for job cuts in the United States since 2009, with high-profile layoffs at UPS and Amazon fueling a tumultuous beginning to 2026 on the labor market, according to a private firm’s report, as official government reports remain delayed.

The 108,435 job cuts last month represented a 118% jump from the same period last year and the most in any January since 2009, when the U.S. was reeling from the Great Recession triggered by a housing market crisis, consulting firm Challenger, Gray & Christmas said in its latest monthly report.



Click to expand...
Hmmmm


What happen to the economy in 2008?

Oh yeah

Republicans crashed the economy by deregulating the banks

History repeats if you let it
 
Judging from the polls and GOP losses in the 2025 off year elections Trump's anemic job creation may have a second act in November with the Administration confronted as much by a falloff in Republican votes as by turnouts for Democrats.
 
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