ADP Employment Disappoints, Suffers Drastic Downward Revisions

After May’s collapse, ADP employment gains have rebounded notably but were expected to slow once again in September (which makes some sense given the collapse in ISM/PMI employment indices).

But things were considerably worse – not only did September’s data miss (+135k vs +145k exp) but Augusts’s big jump of 195k was revised drastically lower to just 157k.

Source: Bloomberg

135,000 jobs down from 190K last month and below the $145K. estimate for FRiday

The top five habitats for such people, by Murphy’s measure, are,

1. D.C.

2. Connecticut

3. California

4. New Jersey

5. tied for fifth – New York and Wyoming…

The five least psychopathic states are,

1. West Virginia

2. Vermont

3. Tennessee

4. North Carolina

5. New Mexico

(“

Amen to that .

I wrote this to a friend this morning :

“ I will believe that the destruction of the Deep State has been achieved when the counties around DC have a real estate equity collapse because of the exodus of tens of thousands of fired leeches presently burdening the taxpayer . “

Addendum : BTW , Maps used to show DC as a square , extending across the Potomac into Virginia . Now maps no longer include the Virginia sector , so the leeches now sway formerly conservative Virginia elections to the left . That way they can vote themselves more of the taxpayer funded Pie .

A very small passenger train
https://railpictures.net/photo/709106/

…elected or otherwise.

2019:  “The Deep State is running things!  We’re all gonna die!”