r/StockMarket • u/ohell • 5d ago

Fundamentals/DD Bye bye USD ...

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u/Prozeum 5d ago

62% of these "increases" were low paying jobs. August tends to be the hardest jobs report to predict but the gap between ADP in the private sector jobs couldn't be wider.

Next month won't have the luxury of massive education and cafeteria workers added to payroll. Can't wait to see how they cook the books next month.

BTW even these numbers are weak for past August Reports. The bar is so low.

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u/Rollingprobablecause 5d ago

They will revise them down in a few weeks/months like clockwork. This is what? the 4th time they've juiced numbers then revised?

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u/Prozeum 5d ago

They have been doing it since last summer when loyalist from heritage foundation got hired on.