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ADP Reports August Saw Weakest Job Growth Since January, Wage Growth Dips
ADP Reports August Saw Weakest Job Growth Since January, Wage Growth Dips
Following a weak JOLTS report (and mixed manufacturing PMI employment reports), ADP was expected to report a modest 47k increase in American jobs in August.
It disappointed with only 37K jobs added in August (while July's 44k addition was revised up modestly to 46k)...
This is the weakest monthly addition since January.
Goods Producers shed jobs at the fastest pace since October...
Manufacturing, professional services, and information shed jobs.
Education and health care, construction, and leisure and hospitality all showed solid hiring.
Base Pay...
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Jul 3, 2026 / Tyler Durden
What England Can Teach Us About 'Democratic Socialism'
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Authored by Stephen Moore via The Epoch Times,
If you want to see modern-day socialism in action, look no further than to the other side of the pond at not-so-jolly old England. The story of Britain’s decline is a warning signal to those here in the States who are thrilled by the warm embrace of socialism.
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TACO Vs TAW: Fade This (Equity) Rally
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Authored by Peter Tchir via Academy Securities,
Ceasefire?
The U.S., via Pakistan, and apparently consistent with negotiations being carried out by Witkoff and Kushner, has delivered a 15 point agreement for a ceasefire.
Markets responded with oil down (Brent futures, at 5:30 am are back down below $100, from a high of $105 on Tuesday).
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