What Would You Do To Fix America's Rapidly Failing Health Care System?
Authored by Michael Snyder via The American Dream blog,
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Labor
Manufacturing Loses Most Jobs Since Election As ADP Employment Growth Weakens
After April and June's disappointment, ADP reports the US economy added 178k jobs in July (less than the 190k expectation and below June's upwardly revised 191k). This is somewhat in line with the 180k expectation for NFP on Friday.
Two months in a row, ADP has weakened as ISM surveys suggested employment is rolling over.
Once again Service-providing jobs dominated (+174k vs +4k for goods) with manufacturing losing 4,000 jobs in July.
An Ohio Factory Owner Is Eager To Hire Workers, There Is Just One Problem...
In April, the Fed's otherwise boring Beige Book revealed a striking anecdote about the current state of the US labor market: as the Boston Fed commented at the time, the qualified labor shortage had gotten so bad, that the hit rate on hiring after a simple math and drug test, has collapsed below 50%. To wit:
Overworked, Underpaid, & Overweight
It's a triple-whammy - Americans are overworked, Americans are underpaid, and, now, potentially as a result of these, Statista's Isabel von Kessler writs that Americans are overweight - over 2 in 5 American workers have put on pounds at their present job.
A survey by Harris Poll on behalf of CareerBuilder, asked workers what they thought contributed most to weight gain at their current workplace.
Illinois Had The Worst Personal Income Growth In The U.S. Over The Past Decade
Submitted by Austin Berg, of IllinoisPolicy.org
Illinois’ jobs growth was worse than every neighboring state, and half the neighboring state average from June 2016 to June 2017, according to a new report. Data released July 27 by the Illinois Department of Employment Security, or IDES, reveals Illinois’ jobs growth from June 2016 to June 2017 was 0.9 percent, compared with a national average of 1.5 percent.