ADP data shows small businesses with 1-49 workers have been reducing workers for four months. Those with 20-49 workers have shed workers for 7 straight months.
The ADP Employment Report shows the economy added 99,000 jobs in August. That is a considerable slowdown.
Importantly, a breakdown of jobs by firm size shows small businesses have shed jobs for four months.
ADP Total Change in Employment Month-Over-Month
It’s important to note that employment is often positive at the start of recessions. Jobs are a lagging indicator.
ADP Change in Employment by Employer Size Year-Over-Year
Year-over-year jobs at companies sized 20-49 is down by 71,000.
ADP Total Change in Employment Year-Over-Year
Total employment year-over-year is sinking fast, led by small businesses.
Total Employment by Business Size
- 1-19: 34.7 million
- 20-49: 22.9.9 million
- 50-249: 38.8 million
- 250-499: 12.3 million
- 500+: 23.9 million
- Total: 132.4 million
Small businesses (49 and less) are far more important than large businesses.
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– The ADP Employment Report shows the economy added 99,000 jobs in August. That is a considerable slowdown. Importantly, a breakdown of jobs by firm size shows small businesses have shed jobs for four months.
> This is the old “Addition by Subtraction” view of jobs. A classic Political Stunt, done primarily by those that like to hide, project, falsely claim, and/or a host of other reasons. None worthy of being used, but they don’t wish to let Facts get in the way…
So a correct headline might read something like this:
The ADP Employment Report shows the economy has Lost another 12,000 Job’s in August, this on top of the following: 45,000 Jobs Lost in July, 2,000 Jobs Lost in June, 31,000 Jobs Lost in May, and additionally 23,000 Jobs Lost in April.
That is a considerable slowdown!!!
Funny though, I Don’t See Any Jobs Added???
Lay them off before the election. Tell them they get their job back if Trump wins. If Harris wins you hire illegals.
If it appears that the Dems are going to lose, then massive layoffs will occur in late November, or early December most likely. A planned event. Like most large negative plays by the MSM and the opposing party. Appearance is everything to them!!
P.S. Illegals are and have been getting hired for many, many months now. Look at any video of any liberal “Sanctuary City”. They and their children are working the streets, subways, bus routes etc. they are busy doing the jobs we won’t do, for now anyway… That will change when WE get hungry enough too.
The ADP Employment Report shows the economy added 99,000 jobs in August. That is a considerable slowdown.
let me take a guess… half of those are jobs created by people who became disabled shooting another booster of the Toxic Waste otherwise known as the Covid Vaccine.
You’d think by now people would have worked out that it’s neither Safe or Effective … but nope… loads of people continue to poison themselves.
I have read that to be up to date you need to have shot 8 boosters.
hahahahahaha…. that is the price of being DUMB.
How about you present the data that shows how much harm the covid vaccines did? Maybe some links to the clinical studies?
Or are you simply hoping that if you repeat the same lie over and over, that eventually someone will be stupid enough to believe you?
Here is another paper on excess deaths for you PapaDave with the data.
The study is titled “Differential Increases in Excess Mortality in the German Federal States During the COVID-19 Pandemic.”
The authors emphasize that “ the increase in excess mortality, an increasingly strong positive correlation with the vaccination rate of the federal state is observed, which reaches a value of r = 0.85 in the third pandemic year, indicating that excess mortality increased with a higher vaccination rate.
“An analysis of stillbirths showed exactly the same pattern.”
The study demonstrates that excess mortality was highest during the months with the highest number of vaccinations.
The scientists conclude that the excess mortality occurring both in all regions and in time windows in which many vaccinations took place provides direct correlational evidence that the vaccinations had a negative effect instead of a positive effect.
https://www.researchgate.net/publication/378124684_Differential_Increases_in_Excess_Mortality_in_the_German_Federal_States_During_the_COVID-19_Pandemic
Lol! Is that the best you could do?
“ a fact that strongly calls for further investigations on possible negative effects of COVID-19 vaccinations.”
Possible negative effects.
I will counter with these links:
https://pubmed.ncbi.nlm.nih.gov/38833299/
https://www.sciencedirect.com/science/article/pii/S0264410X2201489X
https://amp.dw.com/en/jj-covid-vaccine-is-safe-and-effective-german-official/a-57308826
http://www.factcheck.org/2022/08/scicheck-misrepresentation-of-germanys-data-on-unverified-covid-19-vaccine-side-effects/
Next you will tell me that smoking cures lung cancer.
Lol! Is that the best you could do?
“ a fact that strongly calls for further investigations on possible negative effects of COVID-19 vaccinations.”
Possible negative effects.
I will counter with these links:
link to pubmed.ncbi.nlm.nih.gov
I will have to post all the links one at a time to get past “awaiting approval”
You are an ignorant fool.
Steve Kirsch has lots of data which shows the Covid shots are not safe.
Lol! Is that the best you could do?
No, There are a lot more studies with data.
SARS-CoV-2 mRNA vaccine-related myocarditis and pericarditis: An analysis of the Japanese Adverse Drug Event Report database
The authors said the underlying mission of this study was to clarify any associations between Covid mRNA shots (Pfizer BNT162b2 and Moderna’s mRNA-1273) and myocarditis/pericarditis plus any influencing factors.
The study exposes a disturbingly high rate of association between mRNA injections and myocarditis and pericarditis, especially in known risk cohorts.
According to the team of researchers the risk of heart failure increases after a person receives a Covid mRNA injection.
The associations are so high under normal conditions, that the Covid mRNA shots would likely be withdrawn for study..
https://pubmed.ncbi.nlm.nih.gov/39103148/
link to sciencedirect.com
link to amp.dw.com
link to factcheck.org
Factcheck.org is propaganda.
One of my all time favorites – dueling citations!!!
Dude, the increase in excess deaths during COVID was due to COVID. It is not complicated. Surprised some people can not get on with their lives and instead continue to live in the past.
Check out all the articles on naturalnewscom. There are A LOT of other countries that used the same vaccines as the US that have spoken out and released studies, info, etc. These studies, info, articles are going back for OVER a year. Unfortunately it’s too late for those that got the clot shots. The more shots you get the worse it is. It’s estimated that 50% of the people that got the clot shots will be dead in 5 years. The fact that over 40% of medical professionals refused the clot shots should’ve been a warning sign to everyone.
Also, MULTIPLE CEOs from insurance companies have spoken out about the 40%+ excess deaths since the clot shots started. There is no other explanation.
The CDC is covering up the data. They hid that the death safety signal triggered, for TWO YEARS. They hid the V-Safe data for TWO YEARS. They don’t investigate the 6 sigma spike in excess deaths in the fall of 2021, as it is obvious it was caused by the Covid shots. They don’t want the public to know the truth. It is the public health agencies that keeps repeating the lie that the Covid shots are safe and effective.
No it didn’t, you need to take another look or do your math over? 111K (in July) – 99K (in August) = 12,000 Jobs Lost
The civilian labor force is 168.4M. 4.3% are unemployed, or 7.25M. The private sector is 132.4M. Their total is 140M. The gov : 168M – 140M = 28M, or about 17% of the total. If the gov is fully committed to cutting debt the 28M should be reduced to 25M/26M, or 15%. If the unemployment stays the same the private sector will rise.
How many of the losses in the 1-500 range were from California?. The chart looks like fast food restaurants were trying to get ahead of the April 2024 start date for $20/ hr minimum wage.
ADP Change in Employment 1-49 (blue+brown) y/y : in Jan 2023 they gained 700K over Jan 2022. In Nov 2023 they gained 1.8 millions over Nov 2022. Since then they added less and less, possibly reaching equilibrium. It’s cumulative. They might use workers in the black market.
OT, but 30 days ago I created the “Falling Knife Index” which was based on a reader’s stock picks on 8/5/24 (a big down day for the markets).
After gaining over 7%, that index is now back to where it was on 8/5/24.
https://docs.google.com/spreadsheets/d/1mm1Y-iOfqC5bE9tLP5Sw_pywmC9yZW7ceT_qfxGi5MM/edit?usp=sharing
SPY, QQQ, IWM : Aug 5 was the bottom.
And I appreciated your effort. As I have mentioned here several times, I have bought and sold ALL those stocks multiple times in the interim. In fact I bought several of them today. I also sold one of them today, after buying it again yesterday. Volatility provides opportunity.
And in other energy related news:
“Biden administration grants first LNG export approval post-ban to New Fortress Energy’s Fast LNG project”
So much for the narrative that Biden is trying to stop LNG exports.
Small businesses employ contractors and workers in the black market. The total employment is rising, not falling, though at a lower pace. The 1-19, which is 34.7 millions, are adding workers. The 20-49, which is only 23 millions, are shedding a little. Overall small businesses 1-49 are not losing workers ( blue+brown). They gained about 11/12 millions in 2022 alone. Small businesses are smarter and more flexible. They are important to the regional and the shadow banks. They are 57 millions out of 132 millions total + the black market. They innovate more.
“ They gained about 11/12 millions in 2022 alone.”
Lovely – they are shedding mow
No incumbent party has ever been re-elected to the presidency after five consecutive months of job contraction.
Well I guess that’s where the term: “It’s the Economy Stupid” comes from every election season.
Very clear break-down here, Mish.
THANKS!
The Big get Bigger. Compare WMT to DLTR and DG. Clearly the latter two saturated their markets. But they going down and WMT chart looks like an AI play. The little guy and family businesses? Fuggedaboudit. The little guy biz does not support the NatSec State.