The economy is thunderstruck under Bidenomics.
ADP reported today that the US economy added 113,000 jobs in October.
Analysts’ expectations were for a rise to +150k job additions in October, but for the 3rd straight month, ADP disappointed with a +113k print (+150k exp).
But, October saw the 13th straight month of declines in wage growth – to the weakest growth levels since Q3 2021. Job stayers saw a 5.9 percent year-over-year pay increase in September, marking the 12th straight month of slowing growth. Pay gains also shrank for job changers, to 9 percent, down from 9.7 percent in August.
How about the ISM report? Yikes!
The US is thunderstruck under Bidenomics.
Confounded Interest - Anthony B. Sanders 
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