The business and financial wires are melting down today as ADP Payrolls, the nation’s largest private sector payroll providing service, releases data from January showing a drop of 301,000 jobs. [ADP Raw Data Here]
The financial, economic and business pundits are completely caught off guard and using the words “shocked”, “unexpected” and “surprised,” within their analysis. These employment numbers just don’t align with an economy growing at 6.9%, as measured by the Bureau of Economic Analysis (BEA). However, for CTH readers who have carefully scrutinized the economic claims and looked at the bigger picture through the prism of kitchen table checkbook economics, these results are not a surprise.
Every sector of the employment picture on Main Street USA is hit. The pundits, following the narrative first seeded by the White House on Monday, are pointing to Omicron as the justification inside their review. That’s nonsense. For the better part of seven months these same pundits first claimed Delta, then shifted to Omicron as a way to explain the structurally weak economy. All of that is nonsense.
What we are witnessing are the outcomes of massive inflation now hitting the labor market. A drop in demand, and a subsequent drop in the employment of goods and services, is an unavoidable outcome of inflationary pressure on wages.
Let me say it again, on a macro level, natural consumer DEMAND has dropped – we are only now starting to see it surfacing in the statistical measures.
This is why White House spokesperson Jen Psaki made that weird statement on Monday.
Given the nature of how heavily manipulated the government institutions are, there’s a strong likelihood the Bureau of Labor and Statistics have been surprised by their January employment polling results. That internal tremor, a concern amid the political tribe, is then conveyed to someone, who then relays the warning to the White House economic team…. and that’s how Jennifer Psaki received the briefing material last Monday.
The real dynamic inside the economy has been hidden by federal spending, bailouts and payroll support. However, that spending has contributed to the inflation that is creating the need for federal subsidies. We are in a circular economic argument created by White House economic policy.
(Reuters) […] Economic growth slowed in January, with an Institute for Supply Management survey on Tuesday showing its measure of national factory activity falling to a 14-month low.
The economy grew at a 6.9% annualized rate in the fourth quarter, helping to boost overall growth in 2021 to 5.7%, the strongest performance since 1984. Growth estimates for the first quarter are mostly below a 2.0% rate.
According to the U.S. Census Bureau’s Household Pulse Survey published in mid-January, 8.8 million people reported not being at work because of coronavirus-related reasons between Dec. 29 and Jan. 10. This has left some economists bracing for a decline on Friday in the nonfarm payrolls count for January.
According to a Reuters survey of economists, nonfarm payrolls likely increased by 150,000 jobs last month. Estimates range from a decrease of 400,000 to an increase of 385,000. The economy created 199,000 jobs in December, the fewest in a year.
The White House has been frantically trying to prepare the nation for a disappointing payrolls number, with several officials offering a preview of the report. (read more)
The employment situation has absolutely nothing to do with Omicron. However, Omicron provides a plausible cover story so long as people believe the propaganda pushed by financial media trying to protect the white house.
The economy doesn’t go from 6.9% growth in December to ZERO growth a few days later without something substantive happening in the background. My guess is the inventory buildup, cited by the Bureau of Economic Analysis in December, was the result of a massive drop in demand that took place in the three previous months.
The inventory and inflation driven inventory evaluation that helped inflate the metric of the Gross Domestic Product, was not the result of the supply chain coming back to normal. I will bet a donut the inventory buildup was specifically because demand collapsed.
My view of that situation is supported by the historic drop in productivity that was noted in the last half of 2021. The federal spending, and the federal subsidies for businesses and corporations to retain employees, ran past the period where payrolls would have naturally contracted due to the drop in demand.
If I am correct, the employment situation was artificially influenced, because interventionist COVID spending/bailouts allowed payrolls to be covered, and employees to remain on the payroll register, during a time when they should have been dropped if natural sales/profits were responsible for filling the payroll accounts of companies. This would explain the macro drop in productivity while macro employment was retained.
The natural outcome of that viewpoint is…. When the federal deposits into the private sector payroll accounts dry up, employers eventually drop employees.
That rather dramatic scenario is enough to trigger the BLS to freak out when they did the payroll polling.
Just a hunch… We’ll find out on Friday.
ADP Payroll infographic 1
We are in the inflation hurricane right now.
The good news is… if domestic demand continues naturally contracting, due to unsustainable inflation, eventually prices will have to stabilize. It seems counterintuitive, but a strong cash position is valuable despite inflation right now.
Inflation will continue hitting wages hard, but there is light at the end of the tunnel. If you have prepared to ride out this storm of inflation, we should see things start to turn around in about six months. Unfortunately, between now and then, there will be significant job losses as inventories continue to build and sales get stagnant.
Prices on fast turn consumable goods like food, fuel, energy etc. will never return to their pre-inflationary price. The high prices on highly consumable products are here to stay and will never decline. Unfortunately, there are several indicators that those prices will go even higher throughout the next six months until they plateau mid-summer.
However, on the backside of this inflationary hurricane, the prices on long-term durable goods will start dropping sooner as consumer demand continues to focus on prioritization of spending and employment becomes more tenuous.
Took our car in for service last Saturday. Honda dealership. A LARGE Honda dealership.
Pretty much no cars… if you want a Clarity Hydrogen Fuel Cell (*), they had five… but everything else was … beyond belief. I mean, like a bomb had gone off somewhere and the trucks couldn’t bring inventory in.
They had an Accord Touring Hybrid… very nice car… they were asking for $43K….
Yikes.
(*) We actually leased one of them for three years for a while. Free $15K in H2 fuel, car pool access stickers, beautiful car actually. But the Environazis in Calimexistan consider this a CO2 vehicle and H2 is hard to get now.
Same in the DFW area. Bare car lots everywhere, it was kinda creepy looking.
Even if the ruling class saw it coming, they would spend far more energy keeping from being reported than actually doing anything constructive to deal with it.
During the depression we had lots of people living and working on farms, Now the farms are 1000 s of acers owned by big corporation. This will be bad.
It’s been that way since last August. Was talking to a used car guy today. He said to never buy a car that came from the auctions. Dealers are keeping anything that is decent to sell on their own lots. Only garbage goes to auction these days.
Auction cars wind up at those smaller used car lots or buy here pay here lots. Many of those cars have big problems that would cost more than the vehicle is worth. Most have been poorly maintained and abused.
I have talked with 3 ppl recently who are from overseas and have recently returned and they say the car lots in every country they visited in Europe are FULL! They can’t believe what’s happening here in the states. Intentional?!
the need and desire to buy a car in europe is in my mind fundamentally different than most of the us. our cities and infrastructure is much more care dependent and car oriented than theirs … so its much easier for them to say we dont need to buy a car right now at that price.. in the usa a car is much more a need
I’ve been asking for months, How are the car manufacturers surviving when they re not providing any stock. and why is ford advertising an electric truck that is two years away from manufacturing. Only answer I have is , the government are propping the manufacturers up or else they would be bitching to high heaven. And, we are being set up for an all electric car world. This is Cash for clunkers in just another way. I read that a Ford Bronco that had 500 miles was sold for $66K and now for sale for 91K ! Yikes
I have a 2014 F150 in great condition that was worth $25 K with 45000 miles when I bought it three years ago, It now has 92000 and Kelley Blue Book has it at $32K!
If you talk to the dealership you will find that every car that is in the way to the dealership is already sold. I’ve been wanting to buy a hybrid minivan (Toyota) and every dealership within 75 miles tells the same story. Now the are adding a dealership “premium “ to the MSRP adding an additional $1000. or so to the price.
I think I’ll just wait until things crash and they need to sell them again.
It’s crazy. I’ve had a Chevy Silverado for 20 years that I was considering trading in or selling and getting a newer one. But when I found out how much mine is worth and how much other used, but newer, ones are going for, I decided to put a little money into mine. My mechanic said she should be good for another 150k. That’s all I need.
As a retired Auto Technician, I can tell you why this has happened. CHINA, has nearly cornered the entire world market on the ELECTRONICS in those cars. Without the electronics you cannot produce the cars. Honda has a Large Plant in Marysville Ohio, but can’t finish production because of the lack of electronics…..
Its Operation Hide The Facts time again.
1) Grid down – winter in Grid Supplying States
2) Blame supply shortage on Trucker Protest (say they are hoaring the supplies in their 18 wheelers an starving the homeless)
3) Release another bioweapon
Help tank the China economy and buy US made when available.. it will be difficult however the China economic engine must be shut down, at the least slowed, before we are totally sold out
lack of demand for chinese siht will cause chinese economy to contract, basically what china sells to us is siht . americans will focus on buying food fuel and stuff to work with ,everything else is non essential
I always look for where the item was sourced and made. Trying my best to buy only American, and def no chy-na.
I’ve been doing this for a couple of years now. Once you start looking, it is astounding how almost EVERYTHING has a “Made in China” tag. Even the small businesses I am trying to support. The worst was a local shop with all the 4th of July T-Shirts “Made in China”. Ugh
The price of Unleaded fuel rose $.23 yesterday in my area…Unleaded fuel is now 3.49 in my immediate area…I realize some people pay more or less depending on your area of the Country….In my area that’s the type of price that’ll cause a recession, people to leave the work force etc…..The United States is/was built on cheap fuel, energy prices….
It seems to me the Elites are good with a recession because in their mind a recession will slow inflation…..
Wholesale Unleaded RBOB April delivery contract was $2.05 on Dec.1. $2.65 on Feb.1.. 60 cent increase in last 2 months. Retail pump prices vary from different States (taxes) and different retailers. Go figure. Google a chart. Thanks, Brandon.
Brandon gets a lot of help from Newsom and his clowns. The best deal in town is Costco at $4.15. Prices as high as $4.99 just down the street from Costco.
And no, they don’t care one bit. They see it as an opportunity.
I hope your husband gets better.
They’re losing their grip on the narrative
It does seem that way. Which makes this a dangerous time if true, because they’ll need to create a big diversion or two (or more).
Russia Russia Russia
Actually they’re combining the last two cry-sees, RUSSIA UKRAINE RUSSIA UKRAINE
The crap is going to hit the fan on Friday.
Exactly, they are trying to adjust/change the narrative to no lose face or to admit they are wrong. All the negative out of this will be blamed on conservative and freedom loving folks.
Both* supply and demand has dropped; so the entire curve has shifted….added to that, we are actually staring at stagflation. We have inflation worse than the 1970’s, and we aren’t producing much of anything. It’s going to get really ugly.
We likely have the worst inflation in the history of this country right now, and growing. Yeah, it’s going to get fugly.
Jerome Powell just said out economy has been slowing for the past two quarters. He said the inflation was caused by the supply chain crisis and bad decisions. Now, he said will be facing stagflation or even superinflation.
Not looking good.
Of course, its the mandates. The first president that went negative.s/
From the “It’s not our fault” files: Gotta hand it to Starbucks’ PR department for getting the media to fall in line behind this headline “Starbucks to hike prices to offset inflation.”
https://money.usnews.com/investing/news/articles/2022-02-01/starbucks-misses-comparable-sales-estimates-on-omicron-hit
There wouldn’t be a little extra price increase in there to “never let a crisis go to waste”, would there?
Starbucks in bringing in robotic baristas.
Joe and Justin won if the supply shortage gets blamed on the Truckers. They could care less if our civilization ends through internal war and we get scooped up by China.
So what is going on with the truckers? I have not heard anything about the truckers. /sarc/
I went to the local Sams Club today and was surprised to see that they had ZERO roasted chickens. None. WOW.
you should worry about current leadership of country…include kevin mccarty/mcconnel …after theirs replacement you may find roasted chicken..in the- sam club…
Yes, I an quite aware, thank you. I am a supporter of DJT.
In Bakersfield, McCarthy’s home, he is losing support even here. It’s a conservative area but turning purple due to the same dynamic other areas are facing. Used to be deep red. But he still held local support. Not now. People are getting fed up.
Eric Kantner time?
The rotisserie at our local Walmart hasn’t operated in weeks.
Last Thursday, our Walmart here in Western Maine had zero poultry. None at all. A few packages of assorted pork chops, ditto ground beef, and no steaks at all. Today, no problem. All meat and poultry maxed out. Frozen food section was devastated. No frozen potato products at all, frozen veggies were pretty much gone, and forget it if you were looking for any brand of frozen pot pies. Also of note…Walmart’s proprietory wine brand:Oak Leaf. Still in stock at $2,98 per bottle, but all of the cab’s were in clear bottles, and not the standard green as all cabs should be.
I got whole chickens for 99Cents/lb and ribbed breasts for $1.39 at a Kroger in the Mid south. I guess we are going to see shortages maybe not country wide but in certain areas, eventually countrywide maybe. We have almost no saltines, weird, and haven’t for. weeks.
You know things are bad when (roasted) Chicken Little isn’t even around to warn that “The sky is falling!”
Sundance…is this a picture of Brandon…some 7 yrs ago …
Wall Street rapes Main Street, and tells Main Street that it’s Main Street’s fault, and that Main Street needs to pay a fine for having been brutalized.
Sundance….this is not picture of current.. BIDEN….
Automobiles are certainly part of the picture. The incredible price inflation, which is transitory and not monetary, was due to supply issues and part of the inventory picture is explained by auto production coming back online even while other goods are still in short supply it seems. This will help alleviate part of the problem as those prices come back down quickly when lots start filling up with cars. Still just a small part of the puzzle overall, however. The biggest problem as you point out is monetary inflation of the government spending kind. I was a victim of a small business closure and the entirety of 2020 he kept me on the payroll strictly due to the PPP money and when it ended, he asked me what he should do. I said fire me and go home and so he did. The place is still empty. I was actually talking to him about opening back up but, just got a job offer I am going to take. I only worked two and a half months last year for two different employers. The first was temporary and the second didn’t work out. I have never had trouble finding work but, it is not that easy right now. I had to get serious to find a job.
I would love to see, maybe via FOIA, all the behind the scenes communications as they probably discuss how to tweak, alter, hide, adjust, finagle the data every month.
This same well worn pattern was rampant in the lost years of 44. Nearly every published number from labor to GDP was revised downward after the fact with the lapdogs saying little about it.
When the Gooberment decides energy and food are spending necessities, I will start giving more than a tinker’s damn about any cost of living estimates those lying liars produce. I am fed up with posturing prevaricating by our Gooberment Bureaucraps. Someone wake me when we have knocked these morons off of their proverbial pedestals and I can see them for the punks and paper tigers they are. Lets Go Brandon!
Many don’t remember that food and energy was removed from the analysis – added back in the inflationary stats would be staggering.
Is anyone else worried about the Olympics? They’d better put returning people on ice for 28 days….
What a great opportunity to introduce another biologic weaponized agent to representatives all over the world. The Olympics is a great venue to spread a new agent from folks all over the world.
This!
Ikr, we have mandates about everything covid here, but hey let’s all go to Panda-emic central and party!
Most of us are worried about our athletes returning, and how they will be treated by the Chinese.
Discretionary spending is out the window. Leftover ham and spinach becomes quiche.
It always should have become quiche!
Retired Magistrate here: My parents survived the Great Depression, my father having TB and being admitted to a sanitorium for a year, getting through World War II and numerous health issues for both of them. Both parents instilled in me a very strong work ethic, a make do attitude or do without.
This country has survived two world wars, the Korean War, Viet Nam War, Gulf War, ongoing War on Terror, numerous economic depressions, riots, shutdowns, etc. and we have struggled back. I lived through the Carter years and it wasn’t fun, but the country came back.
I refuse to believe that this country is now done. What is our problem? Too many people have made government GOD; rather than giving all the glory to GOD who has truly blessed this country. We have turned our back on HIM. My husband and I pray every day that there will be a great revival in this country and we will turn back to GOD.
I love that Marcia, thank you!
I am with you. All of us praying everyday for our Country is what is needed. I remember Michelle Bauchman (spelling may be wrong) having a prayer vigil on the evening of Trumps election. I was watching the election results and was amazed as I watched Trumps numbers go up. I know we are all trying to survive out here but let’s get in the habit of Praying everyday.
1 Thessalonians 5 :16-18
16Rejoice at all times. 17Pray without ceasing. 18Give thanks in every circumstance, for this is God’s will for you in Christ Jesus.
This is our call.
I know I’m buying less. Not just spending less, but buying less. I’ve cut back on those snacks I keep at the house for the grandchildren. That’s not much by itself, but multiple that by thousands of grandparents, it adds up. I’m not buying them as much new clothes and other items I normally purchase for them each month. (Yes, we usually spoil them each time they visit). I’m adjusting all my buying habits such as getting fewer haircuts, cutting back on electrical use, buying off-brands of grocery products, and basically doing all those things that people usually do when inflation is rampant. Even cutting back on electrical use, my power bill keeps increasing.
I do not see how small businesses can survive much longer. The increase in gas prices increases the cost of everything required to run a business.
Why are the politicians and their administrators so clueless?
I think their cluelessness is the natural result of not dealing with their own money, they are rather spending other people’s money. Therefore, there are no economic constraints that usually go with deciding how to allocate your own finite resources, so they can just do whatever the he[[ sounds like something that will appeal to their supporters and gain them more power.
And a serious lack of consequences for bad decisions…FOR THEM.
THEY never feel the pain we do. If money gets tight, they extort or accept a bribe from someone else, and they’re fine.
Because they want to destroy us and the economy. They have to do that to advance communism and their marvelous one world government.
They are not clueless, they want you broke and subservient.
Recommend buying a lot more shelf stable, canned, etc foods and pharmacy items now. Prep for unavailability and/or drastically higher prices in coming months. “Dark winter of death” results from gummint f-ups not ‘rona.
Check the use by dates. Major stores are now stocking what used to go to Dollar Tree. Some use by dates are a couple months. In Aldi today they had a whole case of sauerkraut dated 2020
Not so sure they’re so much clueless as thoughtless.
I watch Fox Business in the morning when I’m getting ready for work, and every pundit they have on proclaims how great the economy and how growth is continuing and will continue. I just shake my head. These people are so out of touch with reality. I suspect the ADP numbers are just the beginning of a lot of bad (and surprising to pundits) economic reports ahead.
Learn a little about technical charts. The worst place in the world to know anything about the stock market are the “talking head” Pundits. They all have an ax they grind for someone or something….totally worthless and can be dangerous.
We watch FB in the mornings too. Interesting to watch all the pundits on there claiming that crypto is NOT where you want to invest. Hmm. Big pharma doesn’t want you buying ivermectin or hydroxychloroquine because it’ll hurt their bottom line. Now Wall St doesn’t want you investing in crypto for the same reason. And the military industrial complex is thrilled that Pedo Joe wants a war to distract from his failures so the enemedia is parroting the hype from the administration about the imminent threat even though the Pres of Ukraine has directly called Biden a liar.
I’m so tired of the blatant propaganda from everywhere.
I think it’s going to sink in even to the most willfully obtuse over the next few months. At some point they’re going to notice there’s less money left at the end of the month. I live in an upper middle class/lower upper class area. People here discuss shortages but aren’t really discussing the high prices yet. Except in isolated cases, e.g. dealers want full price for new cars.
“Economic forecasting exists to make astrology look like science” JKG
I can see Paul Krugman’s smug mug as the watermark for this quote.
They are trying not to cause panic, and hoping to buy in the dip. Its what scum like that do. They cause disasters and then profit from them.
Credit card debt is massive, foreclosures are growing again, people can’t pay their rent. This is going to be one big sh*t storm of tent cities, and violence!
And the market keeps going up…..until it falls on it’s face. I listened to a guy that says they are going to prop it up till the S and P is 6000 or so…and then, Armageddon.
Simple example of Walmart being aware of this. The grocery aisle with Valentine’s candy was pretty sparse earlier in the week but the front of the store display was fairly full. Now, the grocery aisle is empty. Walmart has moved all the aisle candy to the front to fill up that area full. With still almost 2 weeks until Valentines, it seems that they are expecting fewer candy and stuffed animal buyers. They have not bought the large amount that they did in the past and are already putting it all out front to try to get rid of it by making it most visible.
I walked through many of the store departments. Nobody shopping in housewares, kitchenware, plumbing/electrical, paint, sewing/crafts, school section, garden center, clothing sections, small appliances, electronics, tools, jewelry. Places I saw shoppers were OTC drugs, personal care, and groceries. Places I didn’t check were hunting/fishing/sports and dog food. But, yes, it looks like demand has disappeared, but this is a one-time look at one small point in time in one store.
Priorities have changed with rising food, gas, heating, electricity expenses.
darn, I was really hoping for the Biden laughing pic lol – they’re really givin it to us!
with wimp fake president nothing but destroy our country,
A lot of the country has bumped up min wages and entry level wages. That will always show up in less jobs.
Don’t bother trying to give Joe Biden advice. All of this Economic Destruction is on purpose and by design.
It is meant to wreck America and usher in the Great Reset Communist Revolution. To give China economic victory over America. To enrich BlackRock and the other Globalist Owners of this Occupation Government over the interests of Main Street businessmen and women.
And Economic Destruction is just one piece.
Open Borders, Crime Waves, Plandemic Bioweapons, Depopulation Vaccines, Push-Button Tyranny of Vaxx Passports, Massive Election Fraud, Pre-Emptive Surrender, Chronic Bribery, Energy Deprivation, Mandatory Perversion, Big Tech Censorship and on and on. Every single policy is designed by enemies foreign and domestic to Wreck America.
That’s the simple truth of the criminal Junta in power. It seems like its a lot of different things. But its one thing. They want us dead or enslaved.
Their job is to boil the frogs slowly lest they jump. Our job is to make sure they do.
The financial, economic and business pundits are completely caught off guard and using the words “shocked”, “unexpected” and “surprised,” within their analysis.
Shocked, SHOCKED I tell you!
Pfffft. Follow the money.
A friend of mine quit her old job because of being forced to wear a mask. She hasn’t worked for almost two years, husband held down the fort w/his job. She decided to go back to work and at her new job she isn’t required to wear a mask. I wonder how many other people have quit their jobs because of mask mandates?
Facebook stock is down 20% because of a bad quarter as was Netflix a few days ago.
Kick ‘em while they’re down. I’ve never used FB and I’ve never owned their stock.
I’m not a fan of the CEO.
But I don’t give financial advice except to my dear wife.
However, if FB went away the world might be a better place.
Well, they should have been reading here, then it wouldn’t be such a shock…
This doesn’t bring the food supply back to normal though. There are going to be massive shortages, and legal action should be taken against this government for allowing China to buy ports, farm land, food processing, and allowing them to stockpile as of yet known, up to 50% of global food/grain supply.
Don’t forget, China purchased our PPE as Covid was in the very early stages, leaving our hospitals vulnerable.
Its insane!
I take Sundances advice about the supply chain and food shortages. He has the best information and experience that I have read. My wife thinks I’m crazy as we continue to stock up on canned goods, frozen food, and rice, pasta etc.
Huang Ping rang the NASDAQ bell a few days ago.
A CCP functionary and apologist.
Fitting? The sell out by Wall Street and Washington continues. We must stop the madness, if it’s not too late.
I can think of several reasons for the observed data and they are all bad. First, is as Sundance suggests, consumers pulling in their horns because they are being squeezed by inflation on essentials. Second, consumers aren’t buying due to shortage of stuff which is sitting in containers off CA. Third, consumers aren’t buying because they don’t want to go to stores and deal with masks and vaccine checks which are still present in wide areas of the country.
Retail sales were down 4% from October to December. This is very ominous since the retail sector is very dependent on Christmas spending and probably led to the rise in inventories noted.
Ocasio-Cortez graduated cum laude[26] from Boston University in 2011 with a Bachelor of Arts degree in both international relations and economics.[27][28][21][29]
The “study” of Economics is no guarantee of anything.
You can’t have a Marxist Totalitarian Police State with a middle class. With Biden’s immediate, out-of-the-gate move to torpedo the energy sector once he took office, the Obiden/DC Crime Syndicate is succeeding in their goal to create run-away inflation, destroy businesses, and strike a blow to the middle class. This is not only leading us into Recession, but potentially into another Great Depression. It is a job well-done by these Quislings who are systematically destroying our country in their effort to make us subservient to the ChiComs.
The pandemic lockdowns mostly targeted small businesses, which were not deemed “essential.” The Big Box stores were allowed to remain open however. Hmmm. We have seen our main streets transition into rows of shuttered, abandoned buildings thanks to these policies. As most people know, vaccine mandates/ passports have nothing to do with public health. The vaccinated, who are at large un-tested, are just as likely to contract COVID19 and spread this to others. It is the middle class businesses and jobs still standing that are in the cross hairs of the passport policies. The goal is to reduce patronage and put workers on the unemployment line. A win-win for these Communist devils is that the passports also target those who will not succumb to their authority and refuse ongoing injections of dangerous, ineffective drugs. They can deprive these people from participating in society as punishment. Bow to Big Brother and inject the drugs that could maim/kill/sterilize you, or we will destroy your life.
It was recently reported on Tucker that NYC restaurants have lost 50% of their revenue since the vaccine passports were mandated by their Communist city council. DC is following suit, along with a number of cities in CA. This will of course bleed to other sectors of the economy such as those associated with tourism and the convention business. Who wants to travel to an area where half of your group may not be allowed in a restaurant or entertainment attraction? We can assume that many other businesses that also require these passports will also be financially impacted. One more knife in the Obiden strategy of a thousand cuts to America.
The “plausible deniability” strategy of Biden cannot change these facts.
So the attention needs to shift.
Hello Supreme Court Justice who differs not from one she is replacing.
And YOU are a LIAR….
They should also advertise that the vax is not mandatory. That would help fill the jobs.
If wages had increased in my small business (not that I have one), I’d be trying to find a way not to hire on additional workers.
CNBC prepping the audience for Friday’s ‘Jobs Report’:
https://www.cnbc.com/2022/02/03/january-jobs-report-could-show-omicron-caused-sharp-fall-in-payrolls.html
Dept of Labor just reported 2/4/2022 that the US ADDED 467K JOBS!! What gives?
They aren’t even trying to make the lies believable. They’ve just given up. ‘You must be a racist if you don’t believe our numbers.’
So ADP says a loss of some 300,000 jobs and DOL says an increase of 467,000. That is a swing of 767,000 jobs. I looked for some historical comparison between DOL and ADP numbers without success, but did find a Hot Air article that says ADP numbers have not been reliable the last couple of years. The article also said the DOL report was hard to read because of changes in methodology. I cannot wait to see Sundance’s analysis of this. I know there has to be some manipulation of the numbers but I have no idea where to begin to look. Not only do the January numbers defy logic, but November and December numbers were adjusted upwards with an additional 700,000 jobs. That doesn’t sound like it is within “the margin of error.” How in the world are they determining these numbers?