Analysts were left shocked Wednesday after ADP released its latest jobs report that showed private employers had shed 32,000 jobs in September, a stark contrast to the expected gain of around 50,000 jobs.“Very disappointing, it was a weak number; this is private sector jobs for September, the total ...

Analysts were left shocked Wednesday after ADP released its latest jobs report that showed private employers had shed 32,000 jobs in September, a stark contrast to the expected gain of around 50,000 jobs.

The latest job numbers follow a wave of bad economic news for Trump, who raged against previous reports that showed a sharp decline in job growth, going as far as to call job numbers coming out of his own administration “rigged,” and firing the BLS chief in retaliation.

  • Optional@lemmy.worldEnglish
    34·
    5 days ago

    UPI report on same

    ADP also revised its August numbers – from an increase of 54,000 jobs to a drop of 3,000.

    “oh yeah that, sorry, NOT an increase of fifty-four thousand jobs. . lessee . . . ahhh . ah here we go: a drop by three thousand.”

    • curbstickle@anarchist.nexusEnglish
      24·
      5 days ago

      Just to note because I misread at first…

      The revision to -3000 is for the August numbers.

      The -32,0000 is for September.

      So a net loss of ~35,0000 jobs in the past two months.

      • Geobloke@aussie.zoneEnglish
        7·
        5 days ago

        And the September numbers aren’t final yet, it usually takes a few months for the all the data to be collected and analysed.