Companies cut jobs in January for the first time in more than a year as the spread of the Covid omicron variant appeared to hit hiring, payroll processing firm ADP reported Wednesday.
Private payrolls fell by 301,000 for the month, well below the Dow Jones estimate for growth of 200,000 and a marked plunge from the downwardly revised 776,000 gain in December. It was the first time ADP reported negative job growth since December 2020.
The pandemic-sensitive leisure and hospitality industry was responsible for more than half of the decline, as companies reported a drop of 154,000. Trade, transportation and utilities cut 62,000 while the other services category declined by 23,000.
Manufacturing also lost 21,000 positions […]
From a business-size standpoint, the job losses were concentrated at small firms, with companies employing fewer than 50 people seeing a drop of 144,000. Businesses with more than 500 employees lost 98,000, while medium-sized firms declined by 59,000.
A belated Christmas present from President Poopy Pants.
Yeah sure. That’s it. Omicron. Its also why there’s a massive illegal migrant infestation through the southern border.
I’m afraid we are in for a lot more pain even if the authorities dropped all the mandates and anti-business, anti-supply chain, anti-hospitality, anti-energy policies now. I have seen statements by small businesses that they have already gone as lean as possible in anticipation of high inflation and a significant recession.
There is a global effort by Global Socialists to crash the economy.
The next step have already started, the totalitarian control over people.
The low life politicians know and do everything to install diktat.
There is somebody somewhere behind it.
It can’t be that the countries around the world succumbed to Pfizer and other drug pushers, just like that.
Vito … it wasn’t “just like that”
Big Pharma is & has been in cahoots with pretty much every 3 letter org & Govt on the planet……and they have been cultivating the “fields” for Decades.
When was the last time Big Pharma actually CURED a Disease.??
They are 100% been in the BUSINESS of MAKING $$$ – since at least the from the end of the Polio Pandemic.
Since then.??? SFA.
But Treatments…?? now thats a whole other story now isn’t it.??
There is ZERO incentive for them to CURE Anything… nadda – Zilch.
Cancer: How many Trillions have gone into that and for what.??
Diabetes: Same
LUPUs…ad nausea
and numerous other diseases……..all served with “TREATMENTS”
Covid was the big SCORE though….developing a Vax that they stated point blank was a treatment. Yet the VAST Herd listened and thanx to the FILTH in MSM – believed it to be a VACCINE…..after the trashing of perfectly good cheap treatments right..??
And NOW.? We find that said vaxx significantly reduces Immune response which means that said Vaxxed Herd will need Boosters for the rest of their lives.
PROFIT Ubber Alles….ja.??
We haven’t even begun to feel the PAIN of the puppet-head presidency. The REAL PAIN is coming. No wonder Bidinh wants to invade Russia … which won’t happen till Chairman Xi says so.
It’s not even a real virus anyway.
Too much government. Living the communist dream is not what people want to do.
Well thank God the losses were concentrated at small firms. What do they contribute to the economy anyway? They aren’t publicly traded so ESG lobbyists can’t have as much influence hence they must be bad.
Big government takes on small business.
Now they’re trying to claim victory.
https://www.foxbusiness.com/economy/initial-jobless-claims-coronavirus-january-29