CNBC: Private employers added just 77,000 jobs in February, far below expectations, ADP says

[SteveG]

Private employers added just 77,000 jobs in February, far below expectations, ADP says
https://www.cnbc.com/2025/03/05/adp-jobs...2025-.html

+Private companies added just 77,000 new workers for the month, well off the upwardly revised 186,000 in January and below the 148,000 estimate, ADP reported.

+The report reflected tariff concerns, as a sector that lumps together trade, transportation and utility jobs saw a loss of 33,000 positions.

+On the positive side, leisure and hospitality jobs jumped by 41,000, while professional and business services added 27,000 and financial activities and construction both saw gains of 25,000.

[SteveG]

Bad economic data is ‘Biden data,’ Trump is about to fix the economy, Commerce chief Lutnick says

[Speedy]

Steve G. wrote:
Bad economic data is ‘Biden data,’

Normally this would be true as this reflects the waning days of Biden’s administration but there is nothing normal about Trump’s actions to date.

[pdq]

Speedy wrote:
[quote=Steve G.]
Bad economic data is ‘Biden data,’

Normally this would be true as this reflects the waning days of Biden’s administration but there is nothing normal about Trump’s actions to date.
So the stock market went up after he was elected, and it was the “trump bump”.

Then the stock market went down (wiping out all that gain) after the money folks realized what he was going to do, and that’s “Biden data”?

Got it.

[AllGold]

pdq wrote:
[quote=Speedy]
[quote=Steve G.]
Bad economic data is ‘Biden data,’

Normally this would be true as this reflects the waning days of Biden’s administration but there is nothing normal about Trump’s actions to date.
So the stock market went up after he was elected, and it was the “trump bump”.

Then the stock market went down (wiping out all that gain) after the money folks realized what he was going to do, and that’s “Biden data”?

Got it.
Of course. Didn't CFDT say something about Biden's "disasterous economy" last night?