On Wednesday, the US added 178k private sector jobs in July, verse 185k jobs expected. The number was just shy of Wall Street estimates, and did not stop the mainstream media and Moody’s chief economist Mark Zandi from saying, “the American job machine continues to operate in high gear.”
This ADP report sounds great, but underneath the surface a majority of additions are non-productive jobs called ‘Service-providing’. What is not widely spoken about on the mainstream media is the loss in –4k manufacturing jobs.
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1 comment:
The MSM is brainwashing the gullible American public and Mr. Trump is piling on as well, bragging about an economy fueled by debt creation and currency destruction. Wake up folks. The economic collapse is on-going. They don't happen suddenly, but are gradual collapses of the entire economy. The US economy and World economies are huge so it takes a while. But your inclination that your paycheck doesn't go as far as it used to, or as far as your parents' pay checks, is not an illusion. You are correct. Our currency is being destroyed to prop up a failing global economy. We are being lied to and deceived.
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