Which is less than it added the month before. A slowdown? Of course it is, but it was predictable and shouldn’t surprise anyone. Obamanomics is based on wealth redistribution and Fabian Socialism, which relies on high unemployment to stay in power as more and more people become dependent on government. Obama’s policies naturally lead to job and wealth destruction, but even if they didn’t the left can only keep power by ensuring they control all the wealth so they would have to destroy the private sector even if Keynesian economics worked.
From CNBC:
U.S. private employers added just 13,000 jobs in June, according to a report published Wednesday that suggested expectations of a big drop in the government’s upcoming nonfarm payrolls report were on target.
The ADP Employer Services report also said May’s gain was revised marginally higher to 57,000 from the original estimate of 55,000.
That revision was basically the only good news, however, in a report that under-shot expectations of a rise of 60,000 private-sector jobs in June.
It also supported fears that the short and tepid recovery from the worst recession since the 1930s was fizzling.
“There is really no way to characterize this number other than disappointing,” said Macroeconomic Advisers LLC chairman Joel Prakken, whose firm jointly developed the ADP report. “The overall number tells you that the recovery in the jobs market is very, very sluggish at this point.”
The ADP figures come ahead of the government’s much more comprehensive labor market report Friday.
That report will no doubt be worse. That’s probably why this report was released earlier, so Friday wouldn’t be all the bad news at once.
Good luck finding a job out there. May I suggest trying to make a little money for yourself with micro-farming, prospecting or maybe a little fortune telling?