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ADP, ISM services, Bank lending, Euro area earnings forecasts, ISM NY

Summary:
US Companies Add the Least Jobs in 6 Months: ADP Private businesses in the US hired 67K workers in November, well below market expectations of 140K and compared with a downwardly revised 121K in October. The service-providing sector added 85K jobs, driven mostly by education & health; professional & business; leisure & hospitality and other services. Meanwhile, the goods-producing sector shed 18K jobs, the third straight month of falling employment and the sixth in 2019. The chart shows how the tariffs caused a serious deceleration of hiring: The collapse from the current tariffs is still underway, with new ones scheduled to kickin Dec 15. And the President measure the success by how much tax the US is collectingfrom the tariffs, which he believes is being paid by

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US Companies Add the Least Jobs in 6 Months: ADP

Private businesses in the US hired 67K workers in November, well below market expectations of 140K and compared with a downwardly revised 121K in October. The service-providing sector added 85K jobs, driven mostly by education & health; professional & business; leisure & hospitality and other services. Meanwhile, the goods-producing sector shed 18K jobs, the third straight month of falling employment and the sixth in 2019.

The chart shows how the tariffs caused a serious deceleration of hiring:

ADP, ISM services, Bank lending, Euro area earnings forecasts, ISM NY

The collapse from the current tariffs is still underway, with new ones scheduled to kick
in Dec 15. And the President measure the success by how much tax the US is collecting
from the tariffs, which he believes is being paid by China. That is he sees collecting more
in taxes = ‘winning’:

U.S. has not ruled out tariffs on imported cars, commerce chief says

Here We Go Again: U.S. Threatens 100% Tariffs on French Cheese and Champagne

ADP, ISM services, Bank lending, Euro area earnings forecasts, ISM NY

ADP, ISM services, Bank lending, Euro area earnings forecasts, ISM NY
No growth at all for the last 8 months:

ADP, ISM services, Bank lending, Euro area earnings forecasts, ISM NY

Earnings expectations decelerated to 0 or less:

ADP, ISM services, Bank lending, Euro area earnings forecasts, ISM NY

ADP, ISM services, Bank lending, Euro area earnings forecasts, ISM NY

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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