US Services Surveys Disappoint In April Amid Stench Of Stagflation

ADP Employment Reports Shows Better Than Expected Job Gains, Accelerating Wages Hiring and pay gains both held steady in March. The ADP National Employment report printed a better than expected +62k jobs added in March (+40k exp) and modestly down from an upwardly revised 66k in February. That is the ninth straight month of job gains. Source: Bloomberg The smallest employers drove job growth for a second month, while hiring in trade, transportation, and utilities continued to decline. "Overall hiring is steady, but job growth continues to favor certain industries, including health care. In March,...

French Election: Socialists Secure Paris, LePen's Populists Make Historic Local Gains Marine Le Pen’s National Rally delivered its strongest performance ever in French local elections on Sunday, capturing dozens of municipalities and installing an ally as mayor of Nice - while socialists predictably held onto key urban centers, including Paris, Marseille, Lyon and Lille.  NR celebrates in 2024 The results of the second-round municipal vote on Sunday mark the clearest sign yet that the populist party is no longer a protest movement but a genuine governing force in parts of France - and a...

One Man Thinks He Knows "Why Everything Sucks" Authored by Matt Van Swol via X, I think I know why everything sucks... ...and it's because everything is fake We are getting fake college degrees that cost 4 years and six figures that teach you fake education and get you fake jobs. We are eating fake food, with fake ingredients, funded by fake research. We are scrolling through fake lives, with fake relationships, who take fake, curated vacations to promote brands that make fake products. We are voting for fake candidates, who run on fake...