– ADP Employment Tumbles To 15 Month Lows As Manufacturing Jobs Plunge (ZeroHedge, May 6, 2015):
Following March’s dismal drop in the ADP Employment report (the biggest miss in 4 years) and missing for 3 straight months, April printed a very weak 169k (against notably lowere expectations of a 200k rise). Even worse, February and March was revised even lower. This is lower than the lowest economist estimate. Large companies were particularly weak with smaller businesses adding the bulk of the meager jobs print. The esteemed Mark Zandi blames this on “the fallout from the collapse of oil prices and the surging value of the dollar.”
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Oil prices are well over $60 again and moving north all the way.
As for the strong value of the US dollar, it sure isn’t apparent when I go shopping. Food, shelter, energy…..all these prices continue to rise making the US citizen wonder where the surging value of the dollar applies…….it sure doesn’t show up for the shoppers. Thrift stores are cropping up everywhere as millions more people have less and less disposable income to spend for essentials such as clothes and household goods.
I am so sick of the endless lies……..