The latest revisions to payroll data show the U.S. economy added just 44,000 private-sector jobs in October
— Nick Timiraos (@NickTimiraos) January 5, 2024
The three-month average for private sector hiring was 115,000 in December, matching the lowest level since the economy reopened in 2020 pic.twitter.com/SehwZ0HAf2
This bolsters the point made by Peter St. Onge that the productive sectors of the economy are shrinking.
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