Current: ADP labor market report expected catastrophic situation

The ADP labor market report (April) turned out roughly as expected with -20.236 million jobs (forecast was -20,000 million jobs). The previous month’s figure was -27,000 jobs, but has now been revised downwards to -149,000. Small businesses will lose 6 million jobs, while large companies will lose just under 10 million.

With 16 million jobs the service sector is particularly affected!

You can find more about the data here.

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