US loses jobs in June - Thanks Trump!

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Poor Richard Saunders

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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® National Employment Report

adpemploymentreport.com 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?
 
Poor Richard Saunders said:
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® National Employment Report

adpemploymentreport.com 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?
Click to expand...

Forty years of falling manufacturing employment​

By Katelynn Harris

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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 said:
I don't think Biden ever had a month where he lost jobs.
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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.
 
Poor Richard Saunders said:
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® National Employment Report

adpemploymentreport.com 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?
Click to expand...
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.
 
Poor Richard Saunders said:
Interesting. They revised May down to 29,000 from the earlier 37,000. In May they revised April down.
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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......
 
Stone said:
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........
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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.

Stone said:
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......
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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%
www.bls.gov

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 www.bls.gov
 
Poor Richard Saunders said:
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® National Employment Report

adpemploymentreport.com 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?
Click to expand...
And the tariff idiocy hasn’t even hit yet
 
Stone said:
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......
Click to expand...
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 ……………..
 
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