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IPFS News Link • Employment & Jobs

For The First Time During This Business Cycle, The US Hasn't Added A Single .....

• Zero Hedge

Where this data becomes more disturbing, and where it can be seen in full context, is when clustering the monthlies into full year buckets. It is here that the full impact of what is now clearly at least a manufacturing, if not yet service, recession can be witnessed.

As the chart below shows, according to ADP, for the first time this decade, the US hasn't created a single manufacturing job for the entire year. In fact, it has lost some 6,600 jobs.


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