BIDEN ECONOMY: ADP Jobs Numbers Released and They’re Horrible – 100,000 Manufacturing Jobs Gone

Businessman reading the daily news
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The Biden economy is a mess and it’s getting worse.  Now even the far-left media can’t hide the mess. 

Why would any union member vote for Joe Biden?

Today’s job numbers from ADP were horrible.

The brakes came on abruptly for the private job market in November.

…Companies added just 127,000 positions for the month, a steep reduction from the 239,000 the firm reported for October and well below the Dow Jones estimate for 190,000. It also was the lowest total since January 2021.

This doesn’t bode well for either the Federal Reserve’s interest rate policies attempting to stem inflation and stave off a deep recession, nor encouraging for the job market going forward. The big number to take from the ADP report?

100,00 manufacturing jobs gone

The ADP jobs report came in below expectations. I read it as really bad. We lost 100k manufacturing jobs. The only increase was leisure and hospitality. This often means people picking up 2nd jobs.. pic.twitter.com/HqyVbaLmAi

— Frog Capital (@FrogNews) November 30, 2022

Zerohedge also commented on these numbers:

These are disastrous numbers

— zerohedge (@zerohedge) November 30, 2022

The bigger problem is that this is not the end of this.  It may be the beginning. 

The post BIDEN ECONOMY: ADP Jobs Numbers Released and They’re Horrible – 100,000 Manufacturing Jobs Gone appeared first on The Gateway Pundit.

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