Very gloomy, Peter. The only positive spin I can come up with is what I’ve said before: in the race to the bottom, the U.S. will be last. Bad trends in Europe, China, Russia, Iran, and a dozen other countries will get worse, and we will be able to profit financially. Not a charitable thought, but realistic. I’m counting on Trump to play others’ misfortunes to our benefit.
Question here - how much of this is a result of cutting government jobs which inherently don't produce?
As this is the ADP report, none
ADP only covers private sector employment. Government jobs are not a part of their numbers.
The BLS Employment Situation Summary includes government workers, but also breaks out private sector employment.
Very gloomy, Peter. The only positive spin I can come up with is what I’ve said before: in the race to the bottom, the U.S. will be last. Bad trends in Europe, China, Russia, Iran, and a dozen other countries will get worse, and we will be able to profit financially. Not a charitable thought, but realistic. I’m counting on Trump to play others’ misfortunes to our benefit.