1 year after the US-China trade war started, who are the real winners?
https://www.youtube.com/watch?v=3daDawX-WxU
The report Zandi referenced is the June ADP employment figures released Wednesday. The U.S. private sector added a disappointing 102,000 positions in June, lower than the 140,000 positions Wall Street was predicting.
Last month’s reading represented the smallest increase in private positions since the start of the economic expansion.
While larger businesses were adding, small businesses with fewer than 50 employees saw a drop of 23,000 positions. Meanwhile, businesses with 19 or less employees reduced payrolls by 37,000 positions.
The sector that continues to see weakness was the goods-producing sector, with construction falling by 18,000 positions.
Within the services-producing sectors, leisure and hospitality added a meager 3,000 positions in June.
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