All them BIG companies layoff’s and continued people NOT wanting to ‘go to work’ to work for low wages ARE showing up in the payroll numbers declining….
Ole’ Jerome at the Fed should be happy….
The stealth Recession is showing up in the numbers…..
The South IS where a lot of the job loses are more than gains….
“Our March payroll data is one of several signals that the economy is slowing,” ADP Chief Economist Nela Richardson said in a release. “Employers are pulling back from a year of strong hiring and pay growth, after a three-month plateau, is inching down.”
CNBC reported that the 145,000 jobs added was much lower than the Dow Jones estimate of 210,000 and the upwardly revised 261,000 from February.
Small businesses experienced the best month, with those with 1-19 employees adding 38,000 new jobs and those with 20-49 employees adding 63,000 new jobs.
Businesses with 250-499 employees was the only business size that experienced a drop, losing 42,000 jobs.
The leisure and hospitality industry saw the largest growth with 98,000 new jobs, while the financial activities industry was hit the hardest with 51,000 positions lost.
The South was the only region in the country that lost jobs, with 228,000 less last month…
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