
News Link • Employment & Jobs
18 Numbers Which Clearly Show What Direction Things Are Going
• https://theeconomiccollapseblog.com, By MichaelThere really are millions of Americans that are completely stressed out over their finances. There really are millions of Americans that can't seem to find work no matter how hard they try. And there really are millions of Americans that can't believe how expensive things have become. Of course there is a small segment of our society that is doing perfectly fine. The wealth of the top 1 percent has reached $52 trillion, and CEO salaries have jumped 1,094 percent since 1978. Many of those that are sitting at the top of the economic pyramid wonder what all of the fuss is about. But for the rest of us, we know how badly economic conditions have deteriorated because we are living it every day. The following are 18 numbers which clearly show what direction things are going…
#1 According to ADP, the U.S. lost 32,000 jobs last month. That was the largest drop in two and a half years…
Private payrolls saw their biggest decline in 2½ years during September, a further sign of labor market weakening that compounds the data blackout accompanying the U.S. government shutdown.
Companies shed a seasonally adjusted 32,000 jobs during the month, the biggest slide since March 2023, payrolls processing firm ADP reported Wednesday. Economists surveyed by Dow Jones had been looking for an increase of 45,000.
In addition to the drop in September, the August payrolls number was revised to a loss of 3,000 from an initially reported increase of 54,000.
#2 The number of long-term unemployed workers in the United States has risen to the highest level since the pandemic…
As of August, the number of long-term unemployed people had risen to 1.9 million, according to government data — the highest level since 2021, when the nation was still reeling from the pandemic.