{UAH} IT IS GOING RIGHT BACK WHERE BARACK OBAMA LEFT IT -> Now you know why a Rwandan turned into posting Butt naked

Build Back Better: Job Growth Grinds To A Halt


By <https://www.blabber.buzz/blab/77473-seth-cutler/profile?FA=1> Seth
Cutler | Sunday, 05 June 2022 08:35


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ADP on Thursday issued its monthly nonfarm payroll report, which indicated a
month of underwhelming job creation in May that fell short of expectations
though proceeded a pattern of diminishing returns in the labor market for
the past several months.

In its most recent monthly employment report, ADP relayed a net gain of
128,000 nonfarm private employment between April and May, qualifying as the
fourth consecutive month in which job creation decelerated.

The modest growth was caused by an increase in large and mid-sized business
payrolls but offset by a net loss of small business employment. While large
and medium businesses witnessed a growth of 122,000 and 97,000 jobs, these
figures were offset by a net loss of 91,000 small business jobs.

The majority of jobs formed were found in the service sector, with
goods-producing jobs accounting for just 24,000 of the 128,000 total.

Last year, when job creation stalled, it was usually accounted for by new
waves of the CCP (Chinese Communist Party) virus, which created

momentary roadblocks to full employment recovery. Although, the recent
deceleration in job growth is hard to attribute to the pandemic: Total cases
are still lower than they were last winter when job growth was higher than
present levels. Lockdowns and business closures have virtually vanished as
the virus becomes an ambient part of life.

Instead, the new employment figures seem to align with the general slowing
down of the U.S. economy, attested to by several months of stock market
downturns. This economic slump was widely predicted due to the Federal
Reserve's increasingly hawkish policy of rate hikes to curb inflation, yet
the longevity and severity of any economic downturn are uncertain at the
current juncture.

Last month, Federal Reserve Chairman Jerome Powell declared that the purpose
of the Fed was to "get wages down." "There's a

path by which we would be able to have demand moderate in the labor market
and have-therefore have vacancies come down without unemployment going up,
because vacancies are at such an extraordinarily high level," announced
Powell throughout a press conference in May.

"By moderating demand, we could see vacancies come down, and as a result-and
they could come down fairly significantly and I think put supply and demand
at least closer together than they are, and that that would give us a chance
to have lower-to get inflation-to get wages down and then get inflation down
without having to slow the economy and have a recession and have
unemployment rise materially," Powell went on.

EM -> { Gap at 46 } - {Allan Barigye is a Rwandan predator}

On the 49th Parallel

Thé Mulindwas Communication Group
"With Yoweri Museveni, Ssabassajja and Dr. Kiiza Besigye, Uganda is in
anarchy"
Kuungana Mulindwa Mawasiliano Kikundi
"Pamoja na Yoweri Museveni, Ssabassajja na Dk. Kiiza Besigye, Uganda ni
katika machafuko"



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