Private employers added a paltry 13,000 jobs in June, compared to a revised gain of 57,000 in May, a report by a payrolls processor showed on Wednesday.13K new jobs? That's a disaster. I really hate to say this, but I'm also convinced that we want a much worse job number to kick some Senators in the ass to get them to go with a real jobs bill.
The May figure was originally reported as a gain of 55,000.
The median of estimates from 30 economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers LLC, was for a rise of 60,000 private-sector jobs in June.
The ADP figures come ahead of the government's much more comprehensive labor market report on Friday.
That report is expected to show a fall in nonfarm payrolls of 110,000 in June overall, as many temporary workers hired to complete the government's decennial census were laid off.
Unfortunately,even if it was a steep loss, the Republicans still wouldn't care: they gain nothing by helping the economy now and profit the most in November by filibustering everything and blaming the Dems.
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