Private payroll processing firm ADP released its October 2013 jobs data this week … and the results were not good. For the fifth straight month, job growth declined in America – and is now once again teetering on the verge of being insufficient to keep up with population growth.
“Average monthly growth has fallen below 150,000. Any further weakening would signal rising unemployment,” the firm stated in its news release. “The weaker job growth is evident across most industries and company sizes.”
Yikes …
Ready for the spin? Fiscal liberals (and ADP, for that matter) blame the cooling employment on the debate over the so-called “government shutdown“… while those of us in possession of a clue blame the arrival of Obamacare, U.S. President Barack Obama’s socialized medicine monstrosity.
Seriously … ADP’s numbers show small business growth at its lowest level in ten months and mid-sized business growth at its lowest level in fourteen months. In other words businesses on the front lines are getting dinged … not the fat cats who rely on cozy government contracts.
3 comments
So now ADP is “librul” too? No, wait, anyone who doesn’t confirm your bias is, so of course ADP is some kind of Maoist, Marxist, Stalinist dictatorship of a company, right?
Mark Zandi, chief economist of Moody’s Analytics, said, “The government shutdown and debt limit brinksmanship hurt the already softening job market in October. Average monthly growth has fallen below 150,000. Any further weakening would signal rising unemployment. The weaker job growth is evident across most industries and company sizes.”
Stupid Mark “Lenin” Zandi and those pinkos at Moody’s! Matches with the uber-liberal SocialCommuMarxist Standard and Poor’s report that the shutdown took a $24 billion chunk out of the economy.
When will these people learn that sabotaging the government to get what you want can NEVER, EVER, EVER result in ANYTHING bad?!
#ShutErDown
Real job growth unfortunately is a thing of the past