Author Topic: Private sector shed 2.76 million jobs in May, ADP says, far less than forecast  (Read 338 times)

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Online catfish1957

  • Laken Riley.... Say her Name. And to every past and future democrat voter- Her blood is on your hands too!!!
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https://www.marketwatch.com/story/private-sector-shed-276-million-jobs-in-may-adp-says-much-less-than-expected-2020-06-03?mod=home-page


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The numbers: Private-sector employment shed a total of 2.76 million jobs in May, Automatic Data Processing Inc. reported Wednesday. The gain was well below forecasts from economists surveyed by Econoday who expected a loss of 8.66 million. In April, the private sector shed 19.56 million jobs.

What happened: Small employers lost 435,00 jobs in May. Midsize companies shed 722,000 jobs. And large businesses, with 500 employees or more, axed 1.6 million. The service producing sector lost 1.97 million jobs, while manufacturing shed 719,000 jobs.

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That collective "rut-roh" you hear in the distance is from the dim braintrust that tried to derail this economy.  Great news folks.

I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.