Payne's Perspective: October 7, 2019: Not As Slow As They Say
By Charles Payne, CEO & Principal Analyst
The September jobs report came in slightly less than expected. After the Automatic Data Processing (ADP) results earlier in the week, there were whispers of less than 100,000. As it stands, the overall tenure of the jobs report contradicts the notion that the economy is slipping into a recession, although decidedly, there is a slowdown. The monthly employment report from the federal government’s Bureau of Labor Statistics (BLS) is comprised of two separate surveys: household and establishment. Recently, the household survey has shown a dramatic jump in monthly employment gains.
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