The Daily Populous Wednesday March 5th, 2025 evening edition
Authored by cnbc.com and submitted by PopeSaintHilarius

Private sector job creation slowed to a crawl in February, fueling concerns of an economic slowdown, payrolls processing firm ADP reported Wednesday.

Companies added just 77,000 new workers for the month, well off the upwardly revised 186,000 in January and below the 148,000 Dow Jones consensus estimate, according to seasonally adjusted figures from ADP.

The total was the smallest increase since July and comes at a time when worries are rising that economic growth is slowing and worries brew that President Donald Trump's tariff plans will spark another round of inflation. ADP said annual pay rose 4.7% in February, the same as the prior month.

Stock market futures lost some of their gains following the release while Treasury yields were mixed.

"Policy uncertainty and a slowdown in consumer spending might have led to layoffs or a slowdown in hiring last month," said ADP's chief economist, Nela Richardson. "Our data, combined with other recent indicators, suggests a hiring hesitancy among employers as they assess the economic climate ahead."

Though most economic data points remain positive, sentiment indicators have shown rising fears among both business executives and consumers that the Trump tariffs could raise prices and slow growth. In the extreme scenario, the combination could cause stagflation, a condition of flat or negative growth and rising prices.

aaronhayes26 on March 5th, 2025 at 15:00 UTC »

Y’all better buckle tf up because we are headed straight for a massive recession.

✅Hundreds of thousands of newly out of work employees competing for a shrinking pool of private sector jobs

✅Tariffs causing inflation

✅Government accountability and enforcement on financial institutions becoming non-existent

Cannot overstate how perfect of an economic storm is brewing right now. But thank god the right finally owned us queer-loving liberal pansies.

PhoenixAshies on March 5th, 2025 at 14:39 UTC »

Virginia's governor had a whole press conference where he unveiled this website to help federal workers who had been laid off to find new jobs.

The website is literally just links to LinkedIn and Indeed.

Hrekires on March 5th, 2025 at 14:18 UTC »

Feel like lots of people cheering on the federal government layoffs are going to be in for a rude awakening when suddenly there's 10x as many people applying for each open private sector job.