Analysts were left shocked Wednesday after ADP released its latest jobs report that showed private employers had shed 32,000 jobs in September, a stark contrast to the expected gain of around 50,000 jobs.
The latest job numbers follow a wave of bad economic news for Trump, who raged against previous reports that showed a sharp decline in job growth, going as far as to call job numbers coming out of his own administration “rigged,” and firing the BLS chief in retaliation.
That’s how it’s worked since Reagan fucked everything up.
Republicans break shit. Dems shore things up so it doesn’t collapse. Republicans get in and fuck every thing up again.
Repeat until inevitable collapse.
Nothing ever gets better as a rule. Steady unaltered decline that plateaus while dems are in control
It’s called the Two Santa Strategy https://www.milwaukeeindependent.com/featured/two-santas-strategy-republicans-use-saint-nicholas-scrooge-shift-economic-messages/
- They stimulated the economy with a sort of sugar high, making people think that the GOP can produce a good economy;
Except Trump’s #1 isn’t working that way this term. He is ruining the economy fast.
I guess if you fuck it up bad enough fast enough people actually start to notice.
Yes but it doesn’t matter if people THINK it’s good. Enough of his voters are still delusional enough that they think the high prices are Democrat’s Fault Stuff, and everything will be Fine once we have all the Hated Enemies out of our country in a year or so. My mother and stepfather think this way.
Except Democrats won’t be in control for quite a while now.
yeah I really can’t see the pattern getting very much further. Covid sorta rescued trump1.
I thought they had stopped gathering reports and just made stuff up?
Are there still some people out there doing actual work that he hasn’t gotten rid of yet?Sounds like this is from ADP, the company a lot of others use to process their payroll.
Sounds like this is from ADP, the company a lot of others use to process their payroll.
The new guy had published the real revision numbers but had tried to make it look like they actually happened under Biden
If they were shocked, they haven’t been paying much attention.
ADP also revised its August numbers – from an increase of 54,000 jobs to a drop of 3,000.
“oh yeah that, sorry, NOT an increase of fifty-four thousand jobs. . lessee . . . ahhh . ah here we go: a drop by three thousand.”
Just to note because I misread at first…
The revision to -3000 is for the August numbers.
The -32,0000 is for September.
So a net loss of ~35,0000 jobs in the past two months.
And the September numbers aren’t final yet, it usually takes a few months for the all the data to be collected and analysed.
Worst numbers so far.
lol gain? what moron thought there’d be a fucking gain?
This’n
Keep pumping billions into AI. I’m sure it’ll fix the numbers.
I wonder what the used server market is going to look like a few years from now. They just keep throwing hardware at it
Used part sales? 🤞
Whole pallets of complete servers up for auction 😅
🤤
That’s the only thing keeping the major stock market indices up at this point. Once that bubble pops, everything is going to plummet
I’ve been watching not only people get laid off openly because of AI in my company, but also the leaders talk about it like it’s a wonderful thing for everyone. I’ve been asked many times to look into AI tools and see if they can do my own job.
It’s fucking so messed up. I fucking hate people who think these tools can replace people.
Not just because the tools are inadequate, but people making a living besides bussing tables for the 1% isn’t sustainable without UBI. In the US, we can’t even get fucking free healthcare, there is no way we’ll get UBI in our lifetimes.
I mean… The billions into AI is mostly so companies can get rid of more employees.
And the government can’t say boo, not that they would.
expected gain
Someone on Trump’s team has the worst job on earth.
Well, maybe they’ll be good, oh, who am I kidding? They’ll be garbage!
Someone on Trump’s team has the worst job on earth.
The person who changes his diapers?
Time to fire some more statisticians.
Can’t fire them from a private company!
He can sure try…
Who is he going to fire over this one?
Hopefully himself, that’s the most effective way to solve the problem.
That’s the beauty of it! One of the largest, if not the largest, payroll firms announced this. He cannot touch it. OTOH, I’m sure some calls will be made to ADP.
I get that’s a joke but I would expect retribution against ADP
Keep shooting messengers and there won’t be any in no time.
“It’s a great time to buy on Wall Street! Everyone’s saying it”
Big guy, crying, told me to buy. He said, says, crying. He said. Buy! Buy! And I says to him. I says. Said. Yeah I guess that’s what I said. I don’t know, we’ll see.
It feels like the last six months there’s always been bad economic news, but then the stock market rises anyway and the reported reason is that the news “wasn’t as bad as expected”.
I would think that the american public is hit by the bad news, not Trump.
I mean, if companies get hit by tariffs and amazingly decide to not pass on the costs to consumers as much as they could, of course there will be jobs lost. Something’s gotta give.
Sounds a like a good reason for less than 30% of the country to elect another republican while telling the country the silent 70% are enemies…
I mean the GeNoCiDe isn’t so much, those folks will gladly allow in genocidal republicans…
So let’s be clear, when push comes to shove a genocidal republican is always the better push than any one else for some reason… dems aren’t left enough, rights are bad enough… everyone keeps complaining while the republican with the worst ever ratings keeps claiming the most ever power… real good resistance you got going on here…
A shock poll? Or a minor bug in the windshield of fascist dysfunction that purity testing horse shit fueled left wingers only seem to empower and not check…
But he fired the messenger!
