Hiring Slows For Second-Straight Month As Companies Digest 'Conflicting' Economic Data, ADP Reveals In Latest Jobs Report
ForbesMAR 28 2022
Robust job growth is a strong sign that the US economy is recovering. Though wage growth is consistently outpacing price growth, the unemployment rate is falling, and inflation is moderating — as expected — Republicans will continue to mislead their voters before the November election. The US labor market remains defiant to pessimism, which shows that the economy is returning to a more sustainable pace of growth after the post-pandemic boom.
These numbers paint a gloomy picture of the future. While the Biden administration is adamant that the US labor market is in good shape, this report — a piece of disinformation ahead of the November election — shows that it's indeed collapsing. Job growth isn't just slowing but deteriorating, and the economy is spiraling downwards. Americans are in debt and the stock market is jittery — in short, under Democrats, the US will likely experience a recession.