Spring Slowdown Paints Ugly Picture for Jobs: ADP (March, companies, dollar)

[slasher11]

Spring Slowdown Paints Ugly Picture for Jobs: ADP

The gloomy news continued for jobs as ADP reported Wednesday that private companies created just 119,000 new positions in April.

That was well below expectations and confirmation that the labor market is slowing heading into late spring and early summer.

Economists surveyed by Reuters expected the ADP report to show the private sector created 150,000 jobs in April, down from 158,000 in March.

"Nearly every industry has seen slower growth since the beginning of the year," Moody's economist Mark Zandi said on CNBC. "Smaller businesses are experiencing much weaker growth."

Knew it. Those stock market gains are fake numbers propped up by the printing presses.

This economy is not going recover and we will experience another recession many times worse than the 2008 recession.

The federal reserve is going to keep on printing until the U.S. dollar loses its reserve currency and the country dissolves into another insignificant crap hole. A shell of its former self and a chapter in the history books under the "What not to do" section along side the Roman Empire and Ancient Egypt.

All hail our Chinese Overlords.

[summers73]

After taking advantage of the temporary housing bump and selling, we're going to rent for a year and wait for this dead cat bounce housing recovery to lose steam.

[slasher11]

Originally Posted by summers73

After taking advantage of the temporary housing bump and selling, we're going to rent for a year and wait for this dead cat bounce housing recovery to lose steam.

Anyone with half a brain knows this economy is sitting on fake money. The big question is whether that money would fix the whole enchilada.

Sadly it's not.

The government took a big risk by printing money all this money and lost it all. They basically gambled our lives away.

Shows over folks. We lost.

[blackhemi]

We haven't seen nothing yet. I got myself out of car payments and decided not to purchase additional home's quite yet.

You can only take from the rich kids so long before they stop bringing all their lunch money to school! The money will run out.

[slasher11]

Originally Posted by blackhemi

We haven't seen nothing yet. I got myself out of car payments and decided not to purchase additional home's quite yet.

You can only take from the rich kids so long before they stop bringing all their lunch money to school! The money will run out.

Best thing for any person to do at this point is get a college degree, because that's a requirement to become an expat in a desirable country.

[summers73]

Originally Posted by slasher11

Best thing for any person to do at this point is get a college degree, because that's a requirement to become an expat in a desirable country.

Having a loophole doesn't hurt either...

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