Economy Loses 10,000 Private Sector Jobs in August – Construction at Lowest Level in 10 Years
Worst. Jobs. President. Ever.
The democrats wanted to fundamentally change America. They did.
The US unemployment rate has not fallen below 10.8 percent in the last
12 13 months. This is unprecedented.
Private sector employment decreased by 10,000 from July to August on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP®), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month.
…According to the ADP Report, employment in the service-providing sector rose by 30,000 in August, the seventh consecutive monthly gain. This increase was not enough to offset an employment decline in the goods-producing sector of 40,000. Construction employment dropped by 33,000 during August and manufacturing employment declined 6,000, the second consecutive monthly decline.
Then there’s this…
Construction activity fell for third straight month in August, dropping to its lowest point in 10 years.