Private sector companies added 497,000 jobs in June, more than double expectations, ADP says (www.cnbc.com)

submitted 1 year ago* (last edited 1 year ago) by RotaryKeyboard@lemmy.ninja to c/usnews@beehaw.org

4 comments fedilink hide all child comments

Private sector jobs surged by 497,000 for the month, well ahead of the downwardly revised 267,000 gain in May and much better than the 220,000 Dow Jones consensus estimate. The increase resulted in the biggest monthly rise since July 2022.

you are viewing a single comment's thread
view the rest of the comments

[-] BlueNine@beehaw.org 1 points 1 year ago

Capital thinks it loses when labor wins. It’s not completely zero sum but they are too dumb to see that. Labor is winning right now.

Many of the companies that have done layoffs in the last year are desperately hiring to fill the gaps they made for no reason. They (corporate leaders) want recession and high unemployment so bad they are flailing.

this post was submitted on 06 Jul 2023

2 points (100.0% liked)

U.S. News

2244 readers

37 users here now

News about and pertaining to the United States and its people.

Please read what's functionally the mission statement before posting for the first time. We have a narrower definition of news than you might be accustomed to.

Guidelines for submissions:

Post the original source of information as the link.
If there is a paywall, provide an archive link in the body.
Post using the original headline; edits for clarity (as in providing crucial info a clickbait hed omits) are fine.
Social media is not a news source.

For World News, see the News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 1 year ago

MODERATORS

alyaza@beehaw.org

rs5th@beehaw.org

Powderhorn@beehaw.org