https://www.bloomberg.com/news/arti...show-u-s-companies-added-158-000-jobs-in-june
"Companies adding fewer workers to U.S. payrolls in June than the prior month indicates the job market may be cooling after outsized gains earlier this year, data from the ADP Research Institute showed Thursday."
"The second-lowest increase in 2017 probably reflects the challenge of finding skilled workers amid a tightening job market, and may also be a sign businesses are holding off on expansion plans until they see more evidence the new administration’s plans are translating into legislation that will reduce taxes and spur growth. The ADP report may prompt some economists to adjust their forecasts for the private payrolls tally in the June jobs report due from the Labor Department on Friday, where the median estimate is for a gain of 170,000."
The GDP growth promised by tRump will be very hard to get to with slowing employment numbers. It would also be a disaster to start trade wars with the likes of China.
"Companies adding fewer workers to U.S. payrolls in June than the prior month indicates the job market may be cooling after outsized gains earlier this year, data from the ADP Research Institute showed Thursday."
"The second-lowest increase in 2017 probably reflects the challenge of finding skilled workers amid a tightening job market, and may also be a sign businesses are holding off on expansion plans until they see more evidence the new administration’s plans are translating into legislation that will reduce taxes and spur growth. The ADP report may prompt some economists to adjust their forecasts for the private payrolls tally in the June jobs report due from the Labor Department on Friday, where the median estimate is for a gain of 170,000."
The GDP growth promised by tRump will be very hard to get to with slowing employment numbers. It would also be a disaster to start trade wars with the likes of China.
