Article

2023-07-07 Economy

Dow pares losses, still plunges over 300 points as hot jobs data stokes rate hike fears

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Posted by Besoeker 2023-07-07 01:54|| || Front Page|| [13 views ] Top

#1 While the ADP report is important, it is incomplete. They are one of three large payroll providers (Hewitt and PayChex are the others), and so you only see a partial picture here.

The Labor Department statistics released this morning showed a gain of only 209,000. And one of the biggest gainers there was government hiring.

So what is going on? Still somewhat murky. But the job market does remain strong, no matter whose statistics you read.

Posted by Tom 2023-07-07 10:46|| 2023-07-07 10:46|| Front Page Top

#2 Dire financial consequences for numbers that the Biden folks are surely juicing.

Posted by Super Hose 2023-07-07 12:45|| 2023-07-07 12:45|| Front Page Top

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