Job creation crashes, falling WAAAAAY more than expected

Yup. Really bad.

ADP Shows Job Gains Stalling. Fed Inflation Gauge, GDP Data On Tap. (Live Coverage) | Investor's Business Daily

ADP Jobs Report
Payroll processor ADP showed private employers added just 62,000 jobs last month vs. forecasts of 125,000 and down from a revised 147,000 in March.

On Friday, economists expect the monthly Bureau of Labor Statistics employment report to show 130,000 new jobs, including 125,000 in the private sector. The unemployment rate is expected to hold at 4.2%.

 

This is the private ADP report. The BLS' Non-Farm Payroll Report will be released Friday at 8:30 AM. Looking at and citing just one month can be misleading.

 

Im sure it will be great.

 

Pass me some of that hopium

 

Because now we don’t trust private figures but instead trust government figures??? Really???

I know these two don’t always line up, normally what you say would be correct, but this “wait for govt data” seems especially crazy right now.

 

Thats much better than being Hoover 2.0!

 

Although they occasionally diverge, the ADP report usually tracks the BLS report. My guess is that if there is a significant divergence the BLS report will be even more negative than the ADP report since it all also take into account the federal government jobs eliminated by DOGE not just the private sector payrolls reflected in the ADP report..

 

The difference is that Carter had the misfortune of being the president when the stagflation of 1979-1980 occurred. Trump's coming stagflation is almost entirely the result of the incumbent president's tariff policies.