US loses jobs in June - Thanks Trump!

[Poor Richard Saunders]

ADP just released their jobs report for June. The expectation was the US would have gained 95,000 jobs. Instead it shows the US lost 33,000 jobs in June.

ADP Employment Reports

The ADP Research Institute® works in close collaboration with Stanford Digital Economy Lab and its experienced team of labor market researchers to publish employment reports.

adpemploymentreport.com

Buried in the numbers are some other concerns. Many of the job loses were in the health field.

What happened to this great growing economy Trump promised us?

 

[Cypress]

ADP just released their jobs report for June. The expectation was the US would have gained 95,000 jobs. Instead it shows the US lost 33,000 jobs in June.

That is horrendous. Thanks a lot, Trump!

 

[Sammy Jankis]

ADP just released their jobs report for June. The expectation was the US would have gained 95,000 jobs. Instead it shows the US lost 33,000 jobs in June.

ADP Employment Reports

The ADP Research Institute® works in close collaboration with Stanford Digital Economy Lab and its experienced team of labor market researchers to publish employment reports.

adpemploymentreport.com

Buried in the numbers are some other concerns. Many of the job loses were in the health field.

What happened to this great growing economy Trump promised us?

Forty years of falling manufacturing employment​

By Katelynn Harris

​

The employment outlook for occupations tasked with building America's infrastructure
Despite being a leading driver of employment growth for decades, manufacturing has shed employment over the past 40 years as the U.S. economy has shifted to service-providing industries. In June 1979, manufacturing employment reached an all-time peak of 19.6 million. In June 2019, employment was at 12.8 million, down 6.7 million or 35 percent from the all-time peak.<a name="ednref1" title="" href="https://www.bls.gov/opub/btn/volume-9/forty-years-of-falling-manufacturing-employment.htm#_edn1">1</a> Since 1979, employment fell during each of five recessions, and in each case, employment never fully recovered to prerecession levels.<a name="ednref2" title="" href="https://www.bls.gov/opub/btn/volume-9/forty-years-of-falling-manufacturing-employment.htm#_edn2">2</a> This Beyond the Numbers article looks at the broad employment trends in manufacturing over the past 40 years, as well as the trends in specific industries that have been most affected, such as fabricated metals and machinery, and computer and electrical products, and apparel and textile industries. Data are from the U.S. Bureau of Labor Statistics Current Employment Statistics (CES) program.

Steady, cyclical growth, 1939–79​

 

[Cypress]

I don't think Biden ever had a month where he lost jobs.

 

[Stone]

The TRUE numbers will be revised upward. Bet on it.

 

[Tbird19482]

I don't think Biden ever had a month where he lost jobs.

In Trumps last term there were something like 7 million LESS people working when he left office then when he took office.
I believe I read he was the only President ever to have less people working when he left office then when he took office.

 

[Cypress]

ADP just released their jobs report for June. The expectation was the US would have gained 95,000 jobs. Instead it shows the US lost 33,000 jobs in June.

ADP Employment Reports

The ADP Research Institute® works in close collaboration with Stanford Digital Economy Lab and its experienced team of labor market researchers to publish employment reports.

adpemploymentreport.com

Buried in the numbers are some other concerns. Many of the job loses were in the health field.

What happened to this great growing economy Trump promised us?

One caveat to note: the ADP survey only counts private sector payroll jobs. Since Trump has been frantically hiring back a lot of the government employees he fired, government hiring will make the BLS jobs report coming this Friday will make employment look a little better.

 

[Trumpet]

The TRUE numbers will be revised upward. Bet on it.

You hope

 

[Poor Richard Saunders]

The TRUE numbers will be revised upward. Bet on it.

Interesting. They revised May down to 29,000 from the earlier 37,000. In May they revised April down.

 

[Sammy Jankis]

I don't think Biden ever had a month where he lost jobs.

you don't think. period.

 

[Sammy Jankis]

Interesting. They revised May down to 29,000 from the earlier 37,000. In May they revised April down.

poor Richard cannot remedy his retardation.

 

[Stone]

Interesting. They revised May down to 29,000 from the earlier 37,000. In May they revised April down.

Just about everyone I know in business is practically begging for help. The have raised wages, benefits, created more flexible schedules,..just about anything they can think of to bring in candidates. The truth........There is a significant portion of the 18-30 age group who simply do not want to work. They want to be paid right out of the gate like long time employees who have good track records that actually know what they are doing. Life doesn't work like that,...nor should it. Fuckum.......people like that deserve ZERO benefits of any kind. Work or go hungry......

 

[Poor Richard Saunders]

Just about everyone I know in business is practically begging for help. The have raised wages, benefits, created more flexible schedules,..just about anything they can think of to bring in candidates. The truth........

Job openings doesn't equate to people hired. If there are 1 million job openings and only 500 people available to be hired, then job openings will not be filled. A skilled dishwasher is not available to be hired as a nurse. If people leave one job to take another then the net number of jobs gained is zero. If a nurse is laid off due to hospital budget cuts, they are not going to be hired as the welder that someone is desperately seeking.

There is a significant portion of the 18-30 age group who simply do not want to work. They want to be paid right out of the gate like long time employees who have good track records that actually know what they are doing. Life doesn't work like that,...nor should it. Fuckum.......people like that deserve ZERO benefits of any kind. Work or go hungry......

There is a significant difference between reality and what you believe.
The labor participation rate of 20-24 year olds is 71.3%
The labor participation rate of 25-34 year olds is 83.8%

The labor participation rate of 55-64 year olds is 65.8%

Civilian labor force participation rate by age, sex, race, and ethnicity

Civilian labor force participation rates by age, sex, race, and ethnicity

www.bls.gov

 

[Hawkeye10]

I saw a report yesterday that we are down a half million jobs so far this year.

 

[archives]

ADP just released their jobs report for June. The expectation was the US would have gained 95,000 jobs. Instead it shows the US lost 33,000 jobs in June.

ADP Employment Reports

The ADP Research Institute® works in close collaboration with Stanford Digital Economy Lab and its experienced team of labor market researchers to publish employment reports.

adpemploymentreport.com

Buried in the numbers are some other concerns. Many of the job loses were in the health field.

What happened to this great growing economy Trump promised us?

And the tariff idiocy hasn’t even hit yet

 

[archives]

Just about everyone I know in business is practically begging for help. The have raised wages, benefits, created more flexible schedules,..just about anything they can think of to bring in candidates. The truth........There is a significant portion of the 18-30 age group who simply do not want to work. They want to be paid right out of the gate like long time employees who have good track records that actually know what they are doing. Life doesn't work like that,...nor should it. Fuckum.......people like that deserve ZERO benefits of any kind. Work or go hungry......

Always got to love the “everyone I know,” the anecdotal “evidence” is classic, well, I’ll match that, my barber said …………….. and another wait for a haircut said ……………..