Well, when you factor in the hiring of illegal immigrants it probably is closer to 300.000.Private payrolls grew by just 132,000 in August, ADP says in reworked jobs report
Private payrolls grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, the firm said in its monthly payroll report.www.cnbc.com
Not a good report for the economy when the expected number was close to 300K.
But that's Ok, they don't pay taxes, receive government benefits, have numerous children in our hospitals free of charge, overwhelm our emergency rooms for routine healthcare, receive free housing, free food, free money and all have get out of jail free cards when they commit crimes. Life is good if you are an illegal.
Maybe in your opinion but to those that are watching this administration's actions, we see nothing but negatives for the economy. Biden and the Democrats have spent almost 5 trillion dollars in additional BS programs in a time of historic inflation. Then they wonder why inflation is out of control.
Yes yes yes - the ole "the Marxists are ruining the economy on purpose" garbage again... Please don't stop on my account.
Eliminate the "on purpose" from your quote and you hit the nail on the head.
What's your take on the 317k new jobs reported today?Private payrolls grew by just 132,000 in August, ADP says in reworked jobs report
Private payrolls grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, the firm said in its monthly payroll report.
Not a good report for the economy when the expected number was close to 300K.
A modest rise in the unemployment rate is an expected side effect of a frothy job market, especially with unemployment rates this low. Having had several conversations with founders about layoffs, I think it is a good time to look at what you have vs. what you need to sustain your business until things get to a more predictable state.
The unemployment uptick was .2 - the labor participation rate increased .3. Not bad given the macro conditions.
By my estimation and based on what I'm hearing from my high tech friends regarding enhanced productivity monitoring and what not, we will not be in for a soft landing. Still just anecdotal.
I have no doubt there is a reckoning coming at several large tech firms. Meta is in a death spiral IMO. I haven't been shy in my criticism of TWTR. Even my beloved Google Cloud is due for a round of house cleaning - largely on the sales front where they have dramatically over hired IMO. I will take a controlled landing, soft is a bit of a pipe dream.
I can tell you that any changes at Google likely happen sooner rather than later. The annual review cycle (Perf) starts in a couple of weeks and managers will likely cull the herd right after that initiates. There are some perverse incentives to do so including locking in discretionary compensation awards (via Restricted Stock Units) that they will want to use to reward high performers. These won't be formal layoffs, these will be folks who are given the heads-up that they are getting an NI (lowest rating) and headed for a PIP. Firing someone at Google takes forever - I exited someone and it took 14 months to finally result in termination. I never was directly involved in any layoffs at Google, but the few that occurred during my tenure were painful and took months to execute. I would expect Meta to be similar.
All of shit britches appointees are dumb****s. Just look at his cabinet.
