November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports
https://www.cnbc.com/2025/12/03/adp-jobs-report-november-2025-private-payrolls-unexpectedly-fell-by-32000-.html
148 points · 13 comments · view on lemmy.world
13 Comments
reddig33@lemmy.world · 59 pts · 286d
“Unexpectedly” — as in “We killed all the official government reporting about the economy because it was bad news.”
DeICEAmerica@lemmy.world · 45 pts · 286d
Fredthefishlord@lemmy.blahaj.zone · 11 pts · 286d
Millionaire doesn't equal business owner. Anyone who's 45 with a decent retirement fund is a millionaire.
Clent@lemmy.dbzer0.com · 18 pts · 286d
Um, aren't you doing exactly what billionaires do by assuming everyone is in their same socioeconomic situation?
Less than 10% of people over 45 have more than a million dollars and and most of those are married couples.
Fredthefishlord@lemmy.blahaj.zone · -7 pts · 286d
That says a lot more about how bad off Americans are retirement wise rather than my statement being wrong.
ms_lane@lemmy.world · 7 pts · 286d
Proprietary_Blend@lemmy.world · -5 pts · 286d
Millionaires are the next who shouldn't exist.
Fredthefishlord@lemmy.blahaj.zone · 4 pts · 286d
The only reason millionaires shouldn't exist is to abolish capitalism, which while reasonable does not sound like what your only meaning is
arcterus@piefed.blahaj.zone · 3 pts · 286d
Are you talking about people with like 10s or 100s of millions or are you including people with just 1 million? In a number of places, you basically cannot easily buy a house without something approaching 1 million (which is a problem itself).
Also, I've seen this statement here several times now. Where is the line? 1 million is a pretty arbitrary value, so how many thousands is too much?
ms_lane@lemmy.world · -1 pts · 286d
arcterus@piefed.blahaj.zone · 3 pts · 286d
Good luck I guess. Looking it up briefly gives US families having $1+ million net worth being in the 80th or 90th percentile (depending on the source), so somewhere between 1/5 and 1/10 families.
Broadfern@lemmy.world · 9 pts · 286d
Yeah it’s not the most pleasant pill to swallow but most millionaires are working class or small business, even if they look at their paycheck-to-paycheck peers with contempt and vice versa.
Billionaires are in the stratosphere compared to everyone else’s wealth, and that plus their ability to outright buy governments is our problem.
danc4498@lemmy.world · 18 pts · 286d
Big businesses would love to hire them at half price
DaMummy@lemmy.world · 10 pts · 286d
Where's the "Stock market at record high" article to go along with it?
ms_lane@lemmy.world · 3 pts · 286d
RIPieces Amerikkka.