Private payrolls increase much less than expected; Trump teases 'big' jobs number
ADP reported Wednesday that private payrolls increased by only 167,000 jobs in July, well below the 1 million expected from economists surveyed by Dow Jones and a tumble from the 4.314 million created in June. On Tuesday, President Donald Trump hinted that a strong jobs report would be released by the government at the end of the week, saying "a big number coming out Friday on jobs." Trump has teased strong jobs reports before. In June 2018, he tweeted about an hour before the May 2018 jobs report was released that he was "looking forward to seeing the employment numbers." Economists polled by Dow Jones expected the U.S. economy to have added 1.264 million jobs in July. The government report is scheduled for release on Friday.
Big numbers!
Man, if only he had taken COVID seriously... we would have more jobs and I could go somewhere other than Mexico or Turkey.
Neat!
Good job Trump!