3d ago

‘Yikes’: New Jobs Data Further Undermines Trump Fiction of Thriving Economy

www.commondreams.org

‘Yikes’: New Jobs Data Further Undermines Trump Fiction of Thriving Economy | Common Dreams

Economists on Wednesday expressed significant concerns after new data from global payroll processing firm ADP estimated that the US economy lost 32,000 jobs last month.

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3d ago

‘Yikes’: New Jobs Data Further Undermines Trump Fiction of Thriving Economy

www.commondreams.org /news/adp-report-jobs-loss

15 comments

Population grew by 160,000, jobs decreased by 32,000.
If the population stayed the same 32,000 jobs being lost would be bad, but being that the population is growing still.... It's worse
- Honestly a population staying the same would be far worse. The US is on our way to that if we keep fighting immigration. Having a steady flow of impoverished labor aged individuals is like a cheat code for short term economic boom, but these politicians hate everything that benefits the country in the slightest.
  
  Importing wage slaves ❤️❤️❤️
  
  The entire developed world is on the path to the population stabilizing then gradually decreasing. I've pointed this out multiple times for exactly the reason you state. Policy in the US is horribly backwards even before we get to the immediate damage done to real humans.
Gosh, what happened? Just about a year ago we had an economy that was the envy of the world.
Now we have to get the truth of jobs numbers via third party private sources instead of, uh, having the government actually trying to tally and release those numbers to the best of its ability.
- Gosh, what happened?
  Americans elected the malignant narcissist instead of the lesser evil.
- Ah, well, you see, if the gub'mint is incapable of such a little task and we have to rely on private business to get anything done, why even have a gub'mint? Privatize it all! #capitalism
  /s
- "If you stop testing the numbers will go down"
The robber barons are doing great though. That's the only part of the 'economy' he cares about.
- A more sane measure of economic prosperity ranks the USA 29th.
Fuck I do not miss preparing these reports. One of the businesses I ran provided average wage data for my region and specialty. I'd always add a dollar to the average hourly wage because I wanted people to get paid more, but didn't want my output to be too inaccurate. I like to think I helped people have more money
Why are we getting these numbers from a “global payroll processing firm”? What even is that?
We should be getting these numbers from the IRS or Unemployment Dept / EDD.
But what even is a global payroll processing firm? Is this the secret deep state corporation all US (and global?) paychecks go through? Like lol wtf
- Well the October report has been withheld by the Trump admin.
  ADP is a payroll company, I used to be paid by them at a previous Canadian job I held. My current job uses dayforce, so ADP's not the only name in town.
- You've never heard of ADP? OK, I'll bite because we should all know more and you can be one of the lucky 10,000 today!
  They process payments around the world for many of the largest (and smallest) companies. They either integrate with ERP systems of record to do so or directly provide the tax calculation, union dues, deductions and local country/state laws applicable, not to mention calculate what you should be paid in the first place. Some places have insanely complex payroll requirements. Global companies even more so as they have to typically pay thousands or 10's of thousands across dozens of contries (and their laws). They are a massive company and Publily Traded as ADP. There's no secret deep state corporation here. In fact they are helping with transparency in an unprecedented government move to hide results of catastrophically poor leadership of our economy. So you are absolutely correct that we should be getting these numbers from the US Bureau of Labor Statistics (and I believe GAO for congress and the like). Trumps administration is blocking numbers being released as they have been done for like 50+ years.
  Edit: Oh! I almost forgot... they literally are a payment processor for companies, so they are sending direct deposits to worker's bank accounts as an authorized agent of their business customers or cutting direct checks (literally mailing them, or sending to a store or office to be handed out) and handling all the bank transfers and financials reporting for those companies.
- Welcome to the kakistocracy.

15 comments