XPost: talk.politics.misc, alt.politics.usa, alt.fan.rush-limbaugh
Governor Swill wrote this post while blinking in Morse code:
On Sat, 3 May 2025 23:02:36 -0400, c186282 <c186282@nnada.net> wrote:
https://www.politico.com/news/2025/05/02/jobs-report-boosts-trump-trade-00323252
U.S. employers added 177,000 jobs in April, beating projections
and bolstering President Donald Trumps argument that the economy
is responding well to his policies despite predictions of a
tariff-related slowdown.
Better than expected jobs reports are nothing new. We've been getting
them for years during the Biden administration.
Does that number also take into account all the people being fired by DOGE?
Or all the layoffs?
CEOs of major U.S. businesses surveyed by the Business Roundtable said
they’re less likely to grow their workforce in the next six months. The
Institute for Supply Management’s monthly index — a frequently cited
barometer for employment in manufacturing — has been stuck in
contractionary territory since February. The total number of job openings
dropped to a post-2020 low in March, the Labor Department reported earlier
this week, and the National Federation of Independent Business’s most
recent survey of small business owners found that more firms are reducing
headcounts than expanding.
Employers have announced layoffs affecting more than 600,000 positions
through the first four months of the year, according to the job placement
firm Challenger, Gray & Christmas. That’s the highest total reported
through April since Covid-19 shutdowns rocked the global economy in early
2020. Nela Richardson, the chief economist for the payroll processing firm
ADP, said a recent softening of private sector hiring reflects the unease
of employers who are “trying to reconcile policy and consumer uncertainty
with a run of mostly positive economic data.”
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