Trump Effect: Private Employers Added Just 77,000 Jobs In February, Far Below Expectations

Private sector job creation slowed to a crawl in February, fueling concerns of an economic slowdown, payrolls processing firm ADP reported Wednesday.

Companies added just 77,000 new workers for the month, well off the upwardly revised 186,000 in January and below the 148,000 Dow Jones consensus estimate, according to seasonally adjusted figures from ADP.

The total was the smallest increase since July and comes at a time when worries are rising that economic growth is slowing and worries brew that President Donald Trump’s tariff plans will spark another round of inflation. ADP said annual pay rose 4.7% in February, the same as the prior month.

Stock market futures lost some of their gains following the release while Treasury yields were mixed.



As predicted, a Trump victory is a punch in the face for the US economy.
We knew it was coming.

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In related news Democrats are desperate for us to forget the past 4 years of Dem rule, sky high inflation, sky high illegals costs, lame economy, mountains of costly 'climate change' regulations, Dem corruption, etc. etc. Hence the Trump this, Trump that when the guy's only been on the job for 45 days and has to fight Dem filth in the courts at every turn.
 
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Private sector job creation slowed to a crawl in February, fueling concerns of an economic slowdown, payrolls processing firm ADP reported Wednesday.

Companies added just 77,000 new workers for the month, well off the upwardly revised 186,000 in January and below the 148,000 Dow Jones consensus estimate, according to seasonally adjusted figures from ADP.

The total was the smallest increase since July and comes at a time when worries are rising that economic growth is slowing and worries brew that President Donald Trump’s tariff plans will spark another round of inflation. ADP said annual pay rose 4.7% in February, the same as the prior month.

Stock market futures lost some of their gains following the release while Treasury yields were mixed.



As predicted, a Trump victory is a punch in the face for the US economy.
The economy is begining to collapse. Interestingly , just today trump said , " When you hit a wall, sometimes you have to go around it. " At least he knows as much as the immigrants do. So much for walls !
 
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