Wow! The Midwest shed WAY more jobs than any other area of the US -- all other regions showed an increase, but the fall there was enough to lead to an overall national decrease. Gemini says: " the Midwest lost 63,000 jobs, a significantly steeper decline than in any other U.S. region. This was primarily driven by major losses in the East North Central division, and it reflects a broader national cooling of the labor market in industries that are prominent in the Midwest, such as manufacturing." Also construction. That suggests that Trump tariffs on manufacturing inputs and immigrant raids are the main drivers of the fall -- which is not surprising.
Gemini also says: "The ADP report also highlighted the growing impact of Artificial Intelligence (AI), which is driving job losses in certain sectors, particularly financial and business services." If you are a small accounting firm, your lunch is being eaten by AI.
Worried about the small businesses being forced to close. They are the vanguard against consolidation by large companies. We all know a purely competitive market offer better value to the consumers. For now we can only wait and see.
Wow! The Midwest shed WAY more jobs than any other area of the US -- all other regions showed an increase, but the fall there was enough to lead to an overall national decrease. Gemini says: " the Midwest lost 63,000 jobs, a significantly steeper decline than in any other U.S. region. This was primarily driven by major losses in the East North Central division, and it reflects a broader national cooling of the labor market in industries that are prominent in the Midwest, such as manufacturing." Also construction. That suggests that Trump tariffs on manufacturing inputs and immigrant raids are the main drivers of the fall -- which is not surprising.
Gemini also says: "The ADP report also highlighted the growing impact of Artificial Intelligence (AI), which is driving job losses in certain sectors, particularly financial and business services." If you are a small accounting firm, your lunch is being eaten by AI.
Worried about the small businesses being forced to close. They are the vanguard against consolidation by large companies. We all know a purely competitive market offer better value to the consumers. For now we can only wait and see.