Leaving this here so that it doesn't get memory holed that ADP said we lost jobs last month.
Yeah I remember that ADP report and after the jobs report came out I commented then on how Trump had cooked the books, because ADP and Labor Department stats are not normally that far off. Sure enough May and June jobs numbers were revised doward by 258,000 jobs. So in May Trump said that there was 144,000 new jobs created, but in reality there was only 19,000 new jobs created. In June he claimed that there was 147,000 new jobs created, but in reality only 14,000 new jobs was created.
So ADP was right, then that means that the economists are right too. We are already in a recession, and the fact that consumer spending, inflation and the devastation of Trump's tariffs are just now taking hold then people should start implementing some sound fiscal practices because we are looking at massive job losses in the very near future.